Your Answer Create the tournal entry below. First choose Deblt or Crecit for the first line: Question 6 On January 1, 2004, Peltz Incorporeted had 80,000 shares of $4 par common stock Issued and outstanding and retained earnings of $270,000. On July 14 a 10% stock dividend was declared when the price of the stock was $12 per share. On July 30, the shares for the stock dividend were issued. Net income for the year was $137,000. DEBIT CREDIT What is the journal entry to declare the stock dividend? Question 7 Your AnSWor Create the fournal entry below. First choose Deblt or Credit for the first line On January 1, 2004, Peltz Incorporated had 80,000 shares of $4 par common stock issued and outstanding and retalned earnings of $270,000. On July 14 a 10% stock dividend was declared when the price of the stock was $12 per share. On July 30, the shares for the stock dividend were issued. Net income for the year was $137,000. DEBIT CREDIT What is the journal entry to issue the shares for the dividend? ion On lanuary i, 2004, Palkz icorporated had 80,000 shares of $4 par common stock issued and outstanding and vetained earnings of $ ,70,000 (in July 14 a 0%stock dividend was dedaued when the price of the stock was $12 per share. On july 30, the shares for the stock dividend were issued. Net income for the year was 1 3 7,0 What is the ending balance in retained earnings at December 31, 20047 Use this information to answer the following question: Your Answers money) Question S2 Flugel Company has 12,000 shares of $40 par, 5% cumulative preferred stock issued and outstanding; and 10,000 shares of $3 par, common stock issued and outstanding. The company began business in 2002 and has dedared and paid the following in dividends: 2002, $10,000; 2003, $15,000; 2004, $65,000. How much in dividends will the common shareholders get, per share, in 20047 ation to answer the following question: Your Answers (money)