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A 4-for1- stock split involving the issue of 364,000 shares of $5 par value common stock for 91000 shares of $20 par value common stock
A 4-for1- stock split involving the issue of 364,000 shares of $5 par value common stock for 91000 shares of $20 par value common stock was recorded as a debit to Retained earnings 1,820,000 and a credit to common stock 1,820,000....
the correcting entries at December 31. (Credit account titles are automatically indented when amount is entered. Do not indent If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)
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