Answer Happy

Dividends per share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 60,000 shares of cumulative preferred 3% stock, $20 par and 410,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $32,000; second year, $75,000; third year, $90,000; fourth year, $120,000. Determine the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, enter "0". Preferred stock (dividends per share) Common stock (dividends per share) 1st Year 2nd Year 3rd Year $ 4th Year
Entries for issuing par stock On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 65,000 shares of $8 par common stock at $27, and on February 27, it issued for cash 120,000 shares of preferred stock, $5 par at $9. a. Journalize the entries for January 22 and February 27. If an amount box does not require an entry, leave it blank. Account Debit Credit Date Jan. 22 Cash Common Stock Paid-In Capital in Excess of Par-Common Stock Feb. 27 Cash Common Stock Paid-In Capital in Excess of Par-Preferred Stock b. What is the total amount invested (total paid-in capital) by all stockholders as of February 27?