The check register of Boswell Co indicated a cash balance of 3,689.50 at the beginning of the month. During the month Boswell Co made two deposits of 1,450.34 and 950.30 . During the same month Boswell Co wrote checks for 140.50, 1,469.29, 51.90, and 789.12 . What balance should the register show for cash at the end of the month?
Question 2
The Hybrid Company earned 52,00 . last year. The capital stock of the company consists of 300,00 . of 7 cumulative preferred stock and 200,00 . of common stock. The directors declared a dividend of the entire earnings. During the previous year, the company earned only enough to pay a 2 dividend on preferred stock. What is the total amount that will be paid to the holders of common stock?
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