On December $31,2024,$ Sheridan Landscaping's common shares were trading for $$15,$ and the company had the following shareholder's equity accounts:Common Shares $($no par value, unlimited authorized,Retained earnings$940,000$ issued, and outstanding$)$$$3,760,000$Contributed Surplus $($Common Shares$)1,290,00018\mathrm{.}630,000$Prepare the journal entries for the following independent transactions. $($List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Record journal entries in the order presented in the problem.$)($a$)($b$)($c$)$A stock dividend of $20\%$ is declared at their fair value on June $1,2025$ and issued on June $30$ to the shareholders of record on June $15.$ The common shares were trading for $$15$ on June $1,2025.$A stock dividend of $100\%$ is declared on June $1.2025$ at their fair value and issued on June $30$ to the shareholders of record on June $15.$ The common shares were trading for $$15$ on June $1,2025.$A $2-$for$-1$ stock split is declared on June $1,2025$ at their fair value and issued on June $30$ to the shareholders of record on June $15.$No$.($a$)$DateAccount Titles and ExplanationDebitCredit.

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Answer Journal Entry for a 20 Stock Dividend Transaction a Si... View the full answer