The company declared dividends of $260,000, payable on January 15, 2022, to the shareholders of record on December 31. Indicate the amount that would be payable to the preferred shareholders and to the common shareholders. The dividend r

Transaction

2021 Dec. 2022 Jan. 1 The company declared dividends of $260,000, payable on January 15, 2022, to the shareholders of record on December
31. Indicate the amount that would be payable to the preferred shareholders and to the common shareholders. The dividend rate for Class A and Class B shares is the same.
31 The company reported net income after taxes of $70,000 for the year and then closed the Income Summary account. 7 The company sold 17,000 preferred shares at $26.00 per share. 15 The company paid the dividend declared on December 1, 2021. Feb. 14 The company sold 21,000 Class B common shares at $13.00 per share.
Dec. 2023 2 The company declared dividends of $130,000, payable on January 15, 2023, to the shareholders of record on December 31, 2022. Indicate the amount that would be payable to the preferred shareholders and to the common shareholders.
31 The company reported net income after taxes of $165,000 and then closed the Income Summary account. Jan. 15 Paid the dividend declared on December 2, 2022.

Professional blog