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On October 10, the board of directors of Tamarisk Corporation declared a 10% stock dividend. On October 10, the...

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On October 10, the board of directors of Tamarisk Corporation declared a 10% stock dividend. On October 10, the company had 14,000 shares of $1 par common stock issued and outstanding with a market price of $16 per share. The stock dividend will be distributed on October 31 to shareholders of record on October 25. Journalize the entries needed for the declaration and distribution of the stock dividend. (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. List all debit entries before credit entries. Record journal entries in the order presented in the problem.)

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Fundamentals of Financial Accounting

Fundamentals of Financial Accounting

ISBN: 978-0078025372

4th edition

Authors: Fred Phillips, Robert Libby, Patricia Libby

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Posted Date: September 11, 2023 07:11:00
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