10-5

Exercise 10-13 (Algo) Record stock dividends and stock splits (LO10-6) On September 1, the board of directors of Colorado Outfitters, Incorporated, declares and issues a stock dividend on its 24,000,$15 par, common shares. The market price of the common stock is $44 on this date. Required: 1. 2. \& 3. Record the necessary journal entries assuming a small (10\%) stock dividend, a large (100\%) stock dividend, and a 2 -for- 1 stock spit. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the stock dividend assuming a small (10\%) stock dividend. Note: Enter debits before credits. Exercise 10-13 (Algo) Record stock dividends and stock splits (LO10-6) On September 1, the board of directors of Colorado Outfitters, Incorporated, declares and issues a stock dividend on its 24,000,$15 par, common shares. The market price of the common stock is $44 on this date. Required: 1. 2. \& 3, Record the necessary journal entries assuming a small (10\%) stock dividend, a large (100\%) stock dividend, and a 2-for-1 stock split. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the stock dividend assuming a large (100\%) stock dividend. Nate: Enter debits before credits: Exercise 10-13 (Algo) Record stock dividends and stock splits (LO10-6) On September 1, the board of directors of Colorado Outfitters, Incorporated, declares and issues a stock dividend on its 24,000,$15 par, common shares. The market price of the common stock is $44 on this date. Required: 1. 2. \& 3. Record the necessary journal entries assuming a small (10\%) stock dividend, a large (100\%) stock dividend, and a 2 -for-1 stock split. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the transaction assuming a 2 -for-1 stock split. Note: Enter debits before credits