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6. Pippin Company has 70,000 shares of $14 par common stock outstanding. On board of directors declared a two-for-one stock split. Prepare the memorandum entry

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6. Pippin Company has 70,000 shares of $14 par common stock outstanding. On board of directors declared a two-for-one stock split. Prepare the memorandum entry in the general journal indicating the new par value and the total number of outstanding shares of common stock July 1, the GENERAL JOURNAL Page 1 Post Ref. Date Description Debit Credit

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