Question: ment CALCULATOR PRINTER VERSION BACK NEXT Exercise 14-03 a-b (Video) On January 1, 2020, Pharoah Corporation had $1,100,000 of common stock outstanding that was issued

ment CALCULATOR PRINTER VERSION BACK NEXT Exercise 14-03 a-b (Video) On

ment CALCULATOR PRINTER VERSION BACK NEXT Exercise 14-03 a-b (Video) On January 1, 2020, Pharoah Corporation had $1,100,000 of common stock outstanding that was issued at par. It also had retained earnings of $742,500. The company issued 41,000 shares of common stock at par on July 1 and earned net income of $405,000 for the year. Journalize the declaration of a 15% stock dividend on December 10, 2020, for the following independent assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) a. Par value is $10, and market price is $18. b. Par value is $5, and market price is $22. No. Account Tities and Explanation Debit Credit Click if you would like to Show Work for this question: Open Show Work

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