Question: There are two separate parts to this question. Be sure to answer each part and LABEL YOUR WORK. Part 1: On November 27, the board

 There are two separate parts to this question. Be sure to

There are two separate parts to this question. Be sure to answer each part and LABEL YOUR WORK. Part 1: On November 27, the board of directors of India Star Company declared a $.50 per share dividend. The dividend is payable on December 24th to stockholders of record on December 7th India Star has 25,000 shares of $1 par common stock outstanding on November 27th. Journalize the entries needed for November 27, December 7 and December 24. Be sure to list the date and then give the entry. If no entry is required, state "NO ENTRY". Part 2: On October 10, the board of directors of Pitcher Corporation declared a 10% stock dividend. On October 10, the company had 10,000 shares of $1 par common stock issued and outstanding with a market price of $15 per share. The stock dividend will be distributed on October 31 to shareholders of record on October 25. Journalize the entries needed on October 10, October 25 and October 31. . Be sure to list the date and then give the entry. If no entry.is required, state "NO ENTRY

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