Cullumber Company has $90,000$ common shares outstanding. Because it wants to retain its cash for other purposes, the companydecided to issue stock dividends to its shareholders. The market price of each Cullumber Company share was $$23.$

Prepare the journal entry if instead of declaring the stock dividend the company decides to split its shares two$-$for$-$one

We need to make entry for two accounts one for debit and credit $.$