A corporation has 200,000 shares of $10par value common stock outstanding. The following selected transactions related to
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A corporation has 200,000 shares of $10par value common stock outstanding. The following selected transactions related to the company's stock took place during the current year:
Apr. 15 | Declared a 40% stock dividend to stockholders of record on May 1, to be issued May 10. The current market valued is $15 per common share. |
May 1 | Date of record. |
May 10 | Issued the common stock dividend. |
Prepare the Journal entries to record these transactions
Related Book For
Employment Law for Business
ISBN: 978-0077347383
6th Edition
Authors: Dawn Bennett Alexander, Laura p Hartman
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