Western Communications has the following stockholders' equity on December 31 , 2018: Paid-ln Capital:
Preferred Stock—9%, $ 9 Par Value; 150,000 shares authorized, 27,000 shares issued and outstanding 243,000
Common Stock—$2 Par Value; 575,000 shares authorized, 310,000 shares issued and outstanding 620,000
Paid-ln Capital in Excess of Par—Common
Total Paid-ln Capital 1,483,000
Retained Earnings 190,000
Total Stockholders' Equity 1,673,000

Requirement:

Assuming the preferred stock is cumulative, compute the amount of dividends to preferred stockholders and to common stockholders for 2018and 2019.

Assuming that you’re recording the transactions on the first page of the journal, the page entry at the top right side of the journal should be a. one. b. j. c. j1. d. 2.

On june 1 of the current year, chad wilson established a business to manage rental property. he completed the following transactions during june: opened a business bank account with a deposit of $28,000 from personal funds. purchased office supplies on account, $2,690. received cash from fees earned for managing rental property, $7,390. paid rent on office and equipment for the month, $3,310. paid creditors on account, $1,230. billed customers for fees earned for managing rental property, $6,130. paid automobile expenses (including rental charges) for the month, $740, and miscellaneous expenses, $370. paid office salaries, $2,330. determined that the cost of supplies on hand was $1,590; therefore, the cost of supplies used was $1,100. withdrew cash for personal use, $2,210. required: 1. indicate the effect of each transaction and the balances after each transaction: for those boxes in which no entry is required, leave the box blank. for those boxes in which you must enter subtractive or negative numbers use a minus sign. (example: -300) answer

3. now assume that carnival booked lady antebellum in december 2016 to perform on the june 2017 western caribbean cruise. further assume that carnival pays lady antebellum its entire performance fee of $52,000 on december 28, 2016, for the june 2017 cruise. what journal entry will carnival make on december 28, 2016, for its payment to lady antebellum?