Following are selected stock transactions and information for Williams Materials, Inc.
•Authorization for initial public offering of 200,000 shares of common stock with par value of $0.02 to be issued at $50 per share
•Authorization for 10,000 shares of preferred stock with par value of $160 and 10%.
•Issued shares equal outstanding at time of offering.
1. May 14 200,000 common shares sold at $50 per share
2. May 30 1,000 shares of preferred stock sold at par
3. November 11 $80,000 for payment of cash dividends
A. Show the financial statement effects of the three equity transactions in the template.

B. How much was the per share cash dividend for common stock for the November 11 payment?

Question

Following are selected stock transactions and information for Williams Materials, Inc. 
•Authorization for initial public offering of 200,000 shares of common stock with par value of $0.02 to be issued at $50 per share
•Authorization for 10,000 shares of preferred stock with par value of $160 and 10%.
•Issued shares equal outstanding at time of offering.
1. May 14 200,000 common shares sold at $50 per share
2. May 30 1,000 shares of preferred stock sold at par
3. November 11 $80,000 for payment of cash dividends 
A. Show the financial statement effects of the three equity transactions in the template.
  
B. How much was the per share cash dividend for common stock for the November 11 payment?

Quizplus · Accepted Answer

The Answer of Following are selected stock transactions and information for Williams Materials, Inc. 
•Authorization for initial public offering of 200,000 shares of common stock with par value of $0.02 to be issued at $50 per share
•Authorization for 10,000 shares of preferred stock with par value of $160 and 10%.
•Issued shares equal outstanding at time of offering.
1. May 14 200,000 common shares sold at $50 per share
2. May 30 1,000 shares of preferred stock sold at par
3. November 11 $80,000 for payment of cash dividends 
A. Show the financial statement effects of the three equity transactions in the template.
  
B. How much was the per share cash dividend for common stock for the November 11 payment?

Following Are Selected Stock Transactions and Information for Williams Materials