Author Question: The check register of Clover Co indicated a cash balance of 1,580.12 January 1 . During the month ... (Read 122 times)

audragclark · **on:** Jun 24, 2018

The check register of Clover Co indicated a cash balance of 1,580.12 January 1 . During the month Clover Co made deposits of 980.75 and 2,120.85 . During the same month Clover Co wrote checks for 140.50, 1,469.29, 690.17, 51.90, and 789.12 . What balance should the register show for cash January 31?

Question 2

The Columbia Company earned 1,400,00 . last year. The capital stock of the company consists of 8,000,00 . of 6 cumulative preferred stock and 15,000,00 . of common stock. The directors declared a dividend of the entire earnings. During the previous year, the company earned 240,00 . and the directors declared a dividend of the entire earnings. What is the total amount that will be paid to the holders of preferred stock?