On September 1, the board of directors of Colorado Outfitters, Incorporated, declares and issues a stock...

 

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On September 1, the board of directors of Colorado Outfitters, Incorporated, declares and issues a stock dividend on its 30,000, $21 par, common shares. The market price of the common stock is $50 on this date. Required: 1.2. & 3. Record the necessary journal entries assuming a small (10%) stock dividend, a large (100%) stock dividend, and a 2-for-1 stock split. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 Record the stock dividend assuming a small (10%) stock dividend. Note: Enter debits before credits. Date September 01 General Journal Debit Credit > Record entry Clear entry View general journal On September 1, the board of directors of Colorado Outfitters, Incorporated, declares and issues a stock dividend on its 30,000, $21 par, common shares. The market price of the common stock is $50 on this date. Required: 1.2. & 3. Record the necessary journal entries assuming a small (10%) stock dividend, a large (100%) stock dividend, and a 2-for-1 stock split. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 Record the stock dividend assuming a small (10%) stock dividend. Note: Enter debits before credits. Date September 01 General Journal Debit Credit > Record entry Clear entry View general journal