The shareholders' equity of Core Technologies Company on June 30, 2023, included the following: Common stock,...

 

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The shareholders' equity of Core Technologies Company on June 30, 2023, included the following: Common stock, $1 par; authorized, 8 million shares; issued and outstanding, 3 million shares Paid-in capital-excess of par Retained earnings $ 3,000,000 12,000,000 11,000,000 On April 1, 2024, the board of directors of Core Technologies declared a 10% stock dividend on common shares, to be distribute June 1. The market price of Core Technologies' common stock was $26 on April 1, 2024, and $36 on June 1, 2024. Required: Prepare the journal entries to record the declaration and distribution of the stock dividend. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet < 1 2 Record the declaration of the stock dividend. Note: Enter debits before credits. Date April 01, 2024 General Journal Debit Credit A The shareholders' equity of Core Technologies Company on June 30, 2023, included the following: Common stock, $1 par; authorized, 8 million shares; issued and outstanding, 3 million shares Paid-in capital-excess of par Retained earnings $ 3,000,000 12,000,000 11,000,000 On April 1, 2024, the board of directors of Core Technologies declared a 10% stock dividend on common shares, to be distribute June 1. The market price of Core Technologies' common stock was $26 on April 1, 2024, and $36 on June 1, 2024. Required: Prepare the journal entries to record the declaration and distribution of the stock dividend. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet < 1 2 Record the declaration of the stock dividend. Note: Enter debits before credits. Date April 01, 2024 General Journal Debit Credit A

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