Prepare the journal entries for the following transactions. Paris Cosmetics issues €2,500 shares of €200 par value preference stock at €317 cash per share on 1/1/2017. The shares are 5% and cumulativ...
Prepare the journal entries for the following transactions.
- Paris Cosmetics issues €2,500 shares of €200 par value preference stock at €317 cash per share on 1/1/2017. The shares are 5% and cumulative.
- Paris Cosmetics issues 120,000 shares of €2 par value share of ordinary stock at €27 cash per share on 1/1/2017.
- On March 1, Paris Cosmetics repurchases 6,200 shares of the previously issued ordinary shares at €43 cash per share.
- The company declares and pays cash dividends amounting to €10,000. (the company is new, so no arrearage exists at this point).
- How much is paid per share to the preference shares? To the ordinary shares?
- The company repurchases 5,000 shares of the previously issued ordinary shares at €25 per share.
- The company declares and pays cash dividends amounting to €41,000.
- How much is paid per share to the preference shares? To the ordinary shares?
- The company sells all of the treasury stock for €30 cash per share.
- The Company declares and pays a cash dividend of €55,000.
- How much is paid per share to the preference shares? To the ordinary shares?
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Prepare the journal entries for the following transactions. Paris Cosmetics issues €2,500 shares of €200 par value preference stock at €317 cash per share on 1/1/2017. The shares are 5% and cumulativ...
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