JetNew has the follow share outstanding since their initial share offering:
30,000 shares of $2.00 cumulative preferred shares
60,000 common shares issued at $10 each
The board of directors has declared the following dividends:
What would the journal entry have looked like on the date of declaration for each year?

Question

JetNew has the follow share outstanding since their initial share offering:
30,000 shares of $2.00 cumulative preferred shares
60,000 common shares issued at $10 each
The board of directors has declared the following dividends:
  What would the journal entry have looked like on the date of declaration for each year?

Quizplus · Accepted Answer

The Answer of JetNew has the follow share outstanding since their initial share offering:
30,000 shares of $2.00 cumulative preferred shares
60,000 common shares issued at $10 each
The board of directors has declared the following dividends:
  What would the journal entry have looked like on the date of declaration for each year?

JetNew Has the Follow Share Outstanding Since Their Initial Share