The company has both preferred shares and common shares authorized and outstanding. The company is...
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The company has both preferred shares and common shares authorized and outstanding. The company is authorized to issue 10,000 $5 non-cumulative preferred shares and at January 31, 2022 it has 500 issued and outstanding. The company is authorized to issue unlimited common shares and at January 31, 2022 has 71,000 issued and outstanding.
more informations
Retained Earnings 191,537
| Cash dividends - common - A | 51,000 |
| Cash dividends - preferred | 4,000 |
Cr Common shares 365,000
Cr Preferred Shares 25,000
How should I record this informations in Shareholders Equity (balance sheet)?
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