A corporation called Carmen Company has issued both preferred and ordinary shares. There were 250,000 shares of common stock with a par value of $10 and 50,000 shares
preferred stock with a par value of $100 outstanding as of January 1. the following transactions in your journal. (a) On January 31, the board of directors mandates that 5,000 shares of the company's common stock be purchased at the going rate. The shares are bought for $22 per share, which is market value. (a) On March 15, Carmen declares a $2.75 per share dividend on the preferred stock. The record date is March 25, and the payment date is March 31.
learn more about Carmen Company here:
https://brainly.com/question/23840633
#SPJ4