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17 1.21 pts On May 1, SSS declares a 10% stock dividend. There were 10,000 shares issued and the company has 500 shares in T-stock.
17 1.21 pts On May 1, SSS declares a 10% stock dividend. There were 10,000 shares issued and the company has 500 shares in T-stock. The current price of the shares is $15/shr and par value on outstanding stock is $5/shr Journalize the declaration O Debit Stock Dividends $15,000; credit CS Dividends Distributable $5000 and PIC in excess of PV-CS $10,000 Debit Stock Dividends $15,000; credit CS Dividends Distributable $10,000 and PIC in excess of PV-CS $5000 Debit Stock Dividends $13,500; credit CS Dividends Distributable $9000 and PIC in excess of PV-CS $4500 Debit Stock Dividends $14,250; credit CS Dividends Distributable $4750 and PIC in excess of PV-CS $9500 Debit Stock Dividends $14,250; credit CS $14,250
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