33 pts Patton Corporation has 5,000 shares of $4 par common stock issued and outstanding A...
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33 pts Patton Corporation has 5,000 shares of $4 par common stock issued and outstanding A 5% stock dividend is declared and issued on a day when the market price is $15 per share. The entry will include: O Credit Common Stock, $3,750. O Credit Paid-in Capital in Excess of Par, $2,750. O Debit Retained Earnings, $75,000. O Credit Paid-in Capital in Excess of Par, $1,000. O Credit Cash, $3,750. 33 pts Patton Corporation has 5,000 shares of $4 par common stock issued and outstanding A 5% stock dividend is declared and issued on a day when the market price is $15 per share. The entry will include: O Credit Common Stock, $3,750. O Credit Paid-in Capital in Excess of Par, $2,750. O Debit Retained Earnings, $75,000. O Credit Paid-in Capital in Excess of Par, $1,000. O Credit Cash, $3,750.
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