Question: Please answer within the proper format with supporting calculation seperately Note : every entry should have narration please 11-3 Cash Dividends, Stock Dividends and Stock
Please answer within the proper format with supporting calculation seperately
Note : every entry should have narration please

11-3 Cash Dividends, Stock Dividends and Stock Splits (Need to Know 11.2) Use this Overall Information on the Common Stock of Agriculture Consolidated Foods to record the following, independent situations Far Value is $10 per share Market Value $40 per share. 500,000 shares Authorized 200,000 shares Issued and Outstanding 1. Journalize the entries necessary to declare and pay a 5.10 per share Cash Dividend. 2. Journalize the entries necessary to record a 5% stock dividend. 3. Journalize the entries necessary to record a 50% stock dividend. 4. Journalize the entries necessary to record a 3:2 stock split
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