Question
3. (10 POINTS). Bonneau Corporation has 100,000 shares of $10 par common stock outstanding. On July 31, the Board of Directors declared a 5%
3. (10 POINTS). Bonneau Corporation has 100,000 shares of $10 par common stock outstanding. On July 31, the Board of Directors declared a 5% stock dividend to be issued ou Aug 31 to stockholders of record August 15. The market price of the stock was $35 a share on July 31. Journalize the entries required on July 31, Aug 15, and Aug 31. Date Debit Credit
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Cost Accounting Foundations and Evolutions
Authors: Michael R. Kinney, Cecily A. Raiborn
9th edition
9781285401072, 1111971722, 1285401077, 978-1111971724
