Question: what will the entry include? 3.3 pts Patton Corporation has 10,000 shares of $4 par common stock issued and outstanding A 5% stock dividend is
3.3 pts Patton Corporation has 10,000 shares of $4 par common stock issued and outstanding A 5% stock dividend is declared and issued on a day when the market price is $30 per share. The entry will include: Debit Retained Earnings, $300,000 O Credit Paid-in Capital in Excess of Par. $13,000 Credit Common Stock. $15,000. Credit Paid In Capital in Excess of Par, $2,000. Debit Cash, $15,000
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
