Brief Exercise 18-15 (Algo) Stock split [LO18-8] On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split on its 80 million, $2.00 par, common shares, to be distributed on July 1. The market price of Siewert common stock was $29 on June 13. Prepare a journal entry that summarizes the declaration and distribution of the stock split if it is to be effected in the form of a 100% stock dividend. What is the par per share after the split? Complete this question by entering your answers in the tabs below. General Journal Par value Prepare a journal entry that summarizes the declaration and distribution of the stock split if it is to be effected in the form of a 100% stock dividend. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Journal entry worksheet 1 Record the declaration and distribution of the stock split effected in the form of a 100% stock dividend. Note: Enter debits before credits. Event Debit Credit General Journal No journal entry required 1 Record entry Clear entry View general journal General Journal Par value What is the par per share after the split? (Enter your answer in dollars rounded to 2 decimal places.) Par value $ 1.00 per share