Dividend Assignment Denville Corporation has the following capital structure January 2021: 6% Preferred Stock, $50 par v

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Dividend Assignment
Denville Corporation has the following capital structure January
2021:
6% Preferred Stock, $50 par value, 50,000 shares authorized,
10,000 shares issued and outstanding.


$500,000
100,000 common shares authorized, $10 par value,
40,000 shares issued and outstanding.



400,000
Paid in capital in excess of par – common shares


200,000
Total paid in Capital

$
1,100,000
Retained
Earnings 500,000
Treasure Stock





10,000
Total Shareholders’
equity
$1,590,000
Record the following transactions