Belkin Incorporated has 103,000 shares of $3 par value common stock outstanding. Belkin declares a 43%...

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Belkin Incorporated has 103,000 shares of $3 par value common stock outstanding. Belkin declares a 43% stock dividend on March 2 when the stock's market value is $75 per share. Prepare the journal entry for declaration of the stock dividend. View transaction list Journal entry worksheet 1 Record the declaration of a 43% stock dividend. Note: Enter debits before credits. Date March 02 General Journal Debit Credit View general journal Record entry Clear entry Belkin Incorporated has 103,000 shares of $3 par value common stock outstanding. Belkin declares a 43% stock dividend on March 2 when the stock's market value is $75 per share. Prepare the journal entry for declaration of the stock dividend. View transaction list Journal entry worksheet 1 Record the declaration of a 43% stock dividend. Note: Enter debits before credits. Date March 02 General Journal Debit Credit View general journal Record entry Clear entry

Answer rating: 100% (QA)

Journal Entry for Belkin Incorporated Stock Dividend Date March 2 Transaction Declaration of a 43 st... View the full answer