Brief Exercise 18-15 (Algo) Stock split (LO18-8] On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split on its 40 million, $1.00 par, common shares, to be distributed on July 1. The market price of Siewert common stock was $15 on June 13. Prepare a journal entry that summarizes the declaration and distribution of the stock split if it is to be effected in the form of a 100% stock dividend. What is the par per share after the split? Complete this question by entering your answers in the tabs below. General Journal Par value Prepare a journal entry that summarizes the declaration and distribution of the stock split if it is to be effected in the form of a 100% stock dividend. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) View transaction list Journal entry worksheet 1 > Record the declaration and distribution of the stock split effected in the form of a 100% stock dividend. Note: Enter debits before credits. Event General Journal Debit Credit 1 Record entry Clear entry View general journal General Journal Par value >