Lipton Travel, Inc., had the following stockholders equity at May 31: On June 30, Lipton Travel, Inc.,

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Lipton Travel, Inc., had the following stockholders’ equity at May 31:image text in transcribed

On June 30, Lipton Travel, Inc., split its common stock 2-for-1.
Requirements

1. Make any necessary entry to record the stock split.
2. Prepare the stockholders’ equity section of the balance sheet immediately after the split.

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Financial Accounting

ISBN: 9780136060482

1st Edition

Authors: Jeffrey Waybright, Robert Kemp

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