Tyler corporation was organized in 2014. it’s corporate charter authorized the issuance of 50,000 shares of common stock, par value $5 per share, and 10,000 shares of 8% preferred stock, per value $25 per share.
prepare journal entries for each of the following transactions:
january 1 sold and issued 45,000 shares of common stock for cash at $ 25 per share
february 1 sold and issued 5,000 shares of preferred stock for cash of $75 per share.
june 1 purchased 7,500 shares of common stock in the open market at $24 per share.
august 1 sold 1,000 shares of the treasury stock at $26 per share.
october 1 sold another 1,500 shares of the treasury stock at $23 per share.
december 1 declared dividends totaling $100,000.
allocations of the dividend to preferred and common stockholders.
december 31 paid the dividends that were declared.

Georgia's gross pay was 35,600 this year she is to pay a federal income tax of 16% how much should georgia pay in federal income ax this year

The struter partnership has total partners’ equity of $510,000, which is made up of main, capital, $400,000, and frist, capital, $110,000. the partners share net income and loss in a ratio of 80% to main and 20% to frist. on november 1, adison is admitted to the partnership and given a 15% interest in equity and a 15% share in any income and loss. prepare journal entries to record the admission of adison for a 15% interest in the equity and a 15% share in any income and loss under the following independent assumptions. (1) record the admission of adison with an investment of $90,000 for a 15% interest in the equity and a 15% share in any income and loss. (2) record the admission of adison with an investment of $120,000 for a 15% interest in the equity and a 15% share in any income and loss. (3) record the admission of adison with an investment of $80,000 for a 15% interest in the equity and a 15% share in any income and loss.

Storico co. just paid a dividend of $3.15 per share. the company will increase its dividend by 20 percent next year and then reduce its dividend growth rate by 5 percentage points per year until it reaches the industry average of 5 percent dividend growth, after which the company will keep a constant growth rate forever. if the required return on the company’s stock is 12 percent, what will a share of stock sell for today?