The stockholders' equity accounts of Whispering Company have the following balances on December 31, 2025. Common...

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The stockholders' equity accounts of Whispering Company have the following balances on December 31, 2025. Common stock, $10 par, 304,000 shares issued and outstanding $3,040,000 Paid-in capital in excess of par-common stock 1,290,000 Retained earnings 5,340,000 Shares of Whispering Company stock are currently selling on the Midwest Stock Exchange at $40. Prepare the appropriate journal entries for each of the following cases. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) a. b. C. A stock dividend of 7% is ( 1 ) declared and ( 2 ) issued. A stock dividend of 100% is (1) declared and (2) issued. A 2-for-1 stock split is (1) declared and (2) issued. The stockholders' equity accounts of Whispering Company have the following balances on December 31, 2025. Common stock, $10 par, 304,000 shares issued and outstanding $3,040,000 Paid-in capital in excess of par-common stock 1,290,000 Retained earnings 5,340,000 Shares of Whispering Company stock are currently selling on the Midwest Stock Exchange at $40. Prepare the appropriate journal entries for each of the following cases. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) a. b. C. A stock dividend of 7% is ( 1 ) declared and ( 2 ) issued. A stock dividend of 100% is (1) declared and (2) issued. A 2-for-1 stock split is (1) declared and (2) issued.

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Whispering Company Journal Entries a Stock Dividend of 7 1 Declaration No journal entry is required ... View the full answer