As of January I,2014,the Equity Section of LD Food Co

question 60

Essay

As of January I,2014,the equity section of LD Food Co.'s balance sheet contained the following:
• On November 1,2014,the company declared and paid the annual cash dividends on the preferred shares.On the same day,the company issued a 5% stock dividend on common shares.LD Food's stock traded at $7/share after the dividend.
Requirement:
Record the journal entries for the above transactions occurring in 2014.

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Definitions:

Bolus Dose

A large dose of a substance given by injection into a vein over a short period of time.

Bacteriostatic SW

An abbreviation for Bacteriostatic Saline Water, a type of sterile water containing an antimicrobial agent, used to dilute medications for injection.

Leucovorin

A medication used to decrease the toxic effects of high-dose methotrexate treatment in cancer therapy, and as an antidote to folic acid antagonists.

Antineoplastic Agents

Drugs used to treat cancer by inhibiting the growth of malignant cells.