On June 13, the board of directors of Siewert Inc. declared a 5% stock dividend on...

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On June 13, the board of directors of Siewert Inc. declared a 5% stock dividend on its 80 million, $2 par, common shares, to be distributed on July 1. The market price of Siewert common stock was $29 on June 13. Complete the below table to calculate the stock dividend. Prepare a journal entry that summarizes the declaration and distribution of the stock dividend. Answer is not complete. 2.5 points eBook Print References Brief Exercise 18-13 (Algo) Stock dividend (LO18-8] On June 13, the board of directors of Siewert Inc. declared a 5% stock dividend on its 80 million, $2 par, common shares, to be distributed on July 1. The market price of Siewert common stock was $29 on June 13. Complete the below table to calculate the stock dividend. Prepare a journal entry that summarizes the declaration and distribution of the stock dividend. Complete this question by entering your answers in the tabs below. Stock Dividend General Journal Prepare a journal entry that summarizes the declaration and distribution of the stock dividend. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (ie., 10,000,000 should be entered as 10).) Debit 1,160,000,000 Credit 1,160,000,000 View transaction list View journal entry worksheet No Event General Journal 1 1 Retained earnings Common stock < Stock Dividend General Journal > On June 13, the board of directors of Siewert Inc. declared a 5% stock dividend on its 80 million, $2 par, common shares, to be distributed on July 1. The market price of Siewert common stock was $29 on June 13. Complete the below table to calculate the stock dividend. Prepare a journal entry that summarizes the declaration and distribution of the stock dividend. Answer is not complete. 2.5 points eBook Print References Brief Exercise 18-13 (Algo) Stock dividend (LO18-8] On June 13, the board of directors of Siewert Inc. declared a 5% stock dividend on its 80 million, $2 par, common shares, to be distributed on July 1. The market price of Siewert common stock was $29 on June 13. Complete the below table to calculate the stock dividend. Prepare a journal entry that summarizes the declaration and distribution of the stock dividend. Complete this question by entering your answers in the tabs below. Stock Dividend General Journal Prepare a journal entry that summarizes the declaration and distribution of the stock dividend. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (ie., 10,000,000 should be entered as 10).) Debit 1,160,000,000 Credit 1,160,000,000 View transaction list View journal entry worksheet No Event General Journal 1 1 Retained earnings Common stock < Stock Dividend General Journal >