Question

The following elements of stockholders' equity are from the balance sheet of Sneed Marketing Corps December 31, 2017: (Click on the icon to view the data) Sneed paid no preferred dividends in 2017 Read the requirements Requirement 1. Compute the dividends to the preferred and common shareholders for 2018 Wotal dividends are $185.000 and assuming (Complete will put boxes. Enter for wy zero amounts.) preferred stock incumulative Assume no changes in promed and common Sneed's 2018 dividend would be divided between preferred and common stockholders in this manner Total Dividend 2018 Dividend to preferred stockholders Dividend in arrears Current year dividend Total divided to preferred stockholders Data Table Dividend to common stockholders Requirement 2. Record the journal entries for 2018 assuming that need Marketing Corp. declared the dividends on July 10 Stockholders' Equity explanation on the last line of the journal entry table. If the entry is required select "No entoured on the first line of the Padin Capital Jul. 1. 2018: Declared dividend Preferred Stock4%, 52 Par V: 80.000 shares 110.000 authorised, 55.000 shares issued and outstanding 3 Credit Debit Date Accounts and Explanation Common Stock $0.0 Par 750 000 shares Jul 1 the 8.000.000 shares and outstanding 300.000 Print Done Choose from any stor enter any number in the inputties and then continue to the next question %

Answer 1

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