Business
Business, 22.04.2021 22:00, tmeissner14

Weaver Corporation had the following stock issued and outstanding at January 1, Year 1: 150,000 shares of $1 par common stock.
15,000 shares of $100 par, 6%, non-cumulative preferred stock.
On June 10, Weaver Corporation declared the annual cash dividend on its 15,000 shares of preferred stock and a $0.50 per share dividend for the common shareholders. The dividends will be paid on July 1 to the shareholders of record on June 20. Prepare general journal entries to record the declaration and payment of the cash dividends.

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Weaver Corporation had the following stock issued and outstanding at January 1, Year 1: 150,000 sh...

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