Question: Light Touch, Inc. has 1 1 0 , 0 0 0 shares of $ 8 par common stock outstanding. On July 1 , the board

Light Touch, Inc. has 110,000 shares of $8 par common stock outstanding. On July 1, the board of directors declared a two-for-one stock split.
How is this transaction recorded in the book of Light Touch, Inc.?

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