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amen NAME Ch. 11-Equities Tidewater been hired as the accountant and asked to record the...

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Accounting

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amen NAME Ch. 11-Equities Tidewater been hired as the accountant and asked to record the initial The following activities took place Company was organized in January 2008 and has 20,000 shares of $100 par value, 10%, stock authorized and 300,000 shares of SI par value common stock authorized You have journal entries for stock Jan. I Issued 10,000 shares of preferred stock at par Jan. I Issued 150,000 shares of common stock for $225,000 Apr I Declared quarterly payment of dividend on preferred stock. Date of record 5/12, payable 6/1 May 1 Declared dividend on common stock of 0 10 per share. Record date 512, payable 61 Required 1. Prepare the journal entries to record the transactions General Journal GENERAL JOURNAL Date

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