Question: Moving to another question will save this response. Out 131 estion 13 15 points As of January 1, 2020. MWR Corporation had 60.000 shares of
Moving to another question will save this response. Out 131 estion 13 15 points As of January 1, 2020. MWR Corporation had 60.000 shares of its $1 par value common stock outstanding only the compared an additional 4.000 shares. On October they declared a 14 stock dividend. On that date, its 51 par common stock had a market price of 58 per share. The journal entry to be made on October A Dr. Stock Dividends 71,680. Common Stock Dividend Distributable 64.000/Cr. Paid in Capital in Excess of Pat Common Stock 7.680 8. Dr. Stock Dividends 71.680 / C. Common Stock 64,000, Paid in Capitat in excess of Par. Common Stock 7.000 cor Stock Dividends 67,200/Cr. Common Stock Dividend Distributable 60.000. Pald in Capital in Excess of Par. Common Stock 7,200 D. Dr. Stock Dividends 67,200/Cr. Common Stock 60.000. Paid in Capital in Excess of Par. Common Stock ? 200 E Dr. Stock Dividends 71,680/Cr. Common Stock Dividend Distributable 64,000 Paid in capital in Bxcess of Par. Common Stock 7.000 Moving to another question will save this response. Question 13
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