Question: pls solve this idk what i wrote is right Current Attempt in Progress On January 1, 2022, Orlole Company had $1,120,000 of common stock outstanding
Current Attempt in Progress On January 1, 2022, Orlole Company had $1,120,000 of common stock outstanding that was issued at parand retained earnings of $755,000. The company issued 44.000 shares of common stock at par on July 1 and earned re income of 5400,000 for the year Journalire the declaration of a 14% stock dividend on December 10, 2022. for the following two independent assumptions (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 for the amounts) (a) Par value is $10 and market price is $15. Par value is 55 and market price is $8. (b) Debit Credit No. Account Titles and Explanation (a) Retained Earnings Common Stock Dividends Distributable Paid-in Capital in Excess of Par Common Stock (b) Retained Earnings Common Stock Dividends Distributable Paid-in Capital in Excess of Par-Common Stock
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