Pottery Schools, Inc is authorized to issue 200,000 shares of $2 par common stock The company issued 76,000 shares at $4 per share When the market price of common stock was $6 per share, Pottery declared and distributed a 10 stock dividend Later, Pottery declared and paid a $0 10 per share cash div...

Requirement 1 Date Accounts and Explanation Debit Credit S ...

Pottery Schools, Inc. is authorized to issue 200,000 shares of $2 par common stock. The company issued

Question:

Pottery Schools, Inc. is authorized to issue 200,000 shares of $2 par common stock. The company issued 76,000 shares at $4 per share. When the market price of was $6 per share, Pottery declared and distributed a 10% stock dividend. Later, Pottery declared and paid a $0.10 per share cash dividend.
Requirements
1. Journalize the declaration and the of the stock dividend.
2. Journalize the declaration and the payment of the cash dividend. Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...