Answer Happy

Tamarisk Company reported the following amounts in the stockholders' equity section of its December 31, 2019, balance sheet Preferred stock 9% $100 par (10,000 shares authorized, 1,800 shares issued) Common stock, $5 par (96.000 shares authorized. 19,200 shares issued) Additional paid-in capital Retained earnings Total During 2020, Tamarisk took part in the following transactions concerning stockholders equity Paid the annual 2019 59 per share dividend on preferred stock and a $2 per share dividend on common stock These dividends had been declared on December 31, 2019. Purchased 1,800 shares of its own outstanding common stock for $42 per share. Tamarisk uses the cost method Reissued 800 treasury shares for land valued at $34.500 Issued 460 shares of preferred stock at $104 per share Declared a 10% stock dividend on the outstanding common stock when the stock is selling for $49 per share. Issued the stock dividend Declared the annual 2020 59 per share dividend on preferred stack and the $2 per share dividend on common stock. These dividends are payable in 2021. 1. 2 3 4, 5 6 $180,000 96.000 113.000 449,000 $838,000 7.
Prepare journal entries to record the transactions described above. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) No. Account Titles and Explanation 1. 2 3 Debit Credit
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