Question

Olde Wine Corporation has 250,000 shares of $40 par common stock outstanding. On February 15, Olde Wine Corporation declared a 2% stock dividend to be issued May 2 to stockholders of record on March 27. The market price of the stock was $52 per share on February 15.
Journalize the entries required on February 15, March 27, and May 2.



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  • CreatedFebruary 28, 2014
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