please let me know if yoh need for me to clarify it! please show work...

90.2K

Verified Solution

Question

Accounting

please let me know if yoh need for me to clarify it! please show work im trying to learn!!
image
Aggregate Ming Corporation was incorporated five years ago. It is authorised to issue 600,000 shares of $100 por value preferred stock. It is also authorized to issue 750.000 shares of 51 par value common stock. It has issued only 40,000 of the common shares and none of the preferred shares in its seventh year, the corporation is the followed transactions Mari Deduces a cash dividend of 50 per shore Mar 30 pays the cash dividend, Ju. 10 Dec property diviend of 1/2 ton of more the when the price of limestone 225 Prepare the journal arts to record the transactions. It an amount box does not require an entry leave a blank Me Betained Earnings Kash Dividend payable Mar 30 Cash Dividend Davable Jol 10

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students