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11. (2 points). Gloria has 800,000 shares of $1 par value common stock outstanding. The following transactions occurred during the year: a. During April, Gloria
11. (2 points). Gloria has 800,000 shares of $1 par value common stock outstanding. The following transactions occurred during the year: a. During April, Gloria declared a 5% stock dividend when the market price of the stock was $100 per share. b. During May, Gloria distributed the stock dividend. c. During June, Gloria declared a $0.75 per share cash dividend. d. During July, Gloria paid the cash dividend. Prepare the entries for each of these transactions
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