Homework Answers
Beginning supplies = $200
Supplies purchased = $1,400
ending supplies = $1,000
Supplies expense = Beginning supplies+Supplies purchased -ending supplies
= 200+1,400-1,000
= $600
Correct option is D.
1.
Annual preferred dividends = Par value of preferred share x Dividend rate
= 65,000 x 12%
= $7,800
| Class of Stock | 2018 dividends |
| Preferred | 7,800 |
| Common | 122,200 |
| Total | 130,000 |
| Class of Stock | 2019 dividends |
| Preferred | 7,800 |
| Common | 213,200 |
| Total | 221,000 |
Kindly comment if you need further assistance. Thanks‼!
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