# I need to check my answer, Thanks

###### Question:

1. A company had stock outstanding as follows during each of its first three years of operations: 2,500 shares of $10,$100 par, cumulative preferred stock and 50,000shares of $10 par common stock. The amounts distributed as dividends are presented below. Determine the total and per share dividends for each class of stock for eachyear by completing the schedule. Preferred Common Year Dividends Total Per Share Total Per Share 1$10,000 _________ _________ _________ _________
2 25,000 _________ _________ _________ _________
3 60,000 _________ _________ _________ _________
2. On April 1, 10,000 shares of $5 par common stock were issued at$22, and on April 7, 5,000 shares of $50 par preferred stock were issued at$104. Journalize theentries for April 1 and 7.

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