Question: i need some help on what i did wrong! Stock Dividends Crystal Corporation has the following information regarding its common stock: $10 par, with 500,000

i need some help on what i did wrong!

Stock Dividends Crystal Corporation has the following information regarding its common stock: $10 par, with 500,000 shares authorized, 213,000 shares issued, and 183,700 shares outstanding On August 22, Crystal declared and paid a 15% stock dividend when the market price of the common stock was $40 per share. Required: 1. Prepare the journal entries to record declaration and payment of this stock dividend. If an amount box does not require an entry, leave it blank. Aug22 26,650 Common Stock 278.550 Additional Pald-In Capital-Common Stock 551.100X Feedback 2. Prepare the journal entries to record declaration and payment assuming it was a 30% stock dividend. If an amount box does not require an entry, leave it blank. 551.100 Aug. 22 Common Stock 351,100

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