A company has 100,000 shares authorized, 15,000 issued, and 5,000 held in treasury. Par and market values

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A company has 100,000 shares authorized, 15,000 issued, and 5,000 held in treasury. Par and market values are $1 and 30 respectively.

Prepare journal entries necessary if the company declared a 10% stock dividend on June 10 to the shareholders on record on Journels to be distributed on June 30 . Please identify the necessary dates for the transactions.

Related Book For answer-question

Financial Accounting in an Economic Context

ISBN: 978-1119444367

10th edition

Authors: Jamie Pratt

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Posted Date: Apr 03, 2023 06:05 AM

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A company has 100,000 shares authorized, 15,000 issued, and 5,000 held in treasury. Par and market values

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Financial Accounting in an Economic Context

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