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a. On November 27, the board of directors of Henderson Company declared a $.20 per share dividend. Henderson has 50,000 shares of $1 par common

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a. On November 27, the board of directors of Henderson Company declared a $.20 per share dividend. Henderson has 50,000 shares of $1 par common stock outstanding. There is no Preferred Stock. Journalize the entries needed for the declaration and payment dates. b. On October 10, the board of directors of Pitcher Corporation declared a 10% stock dividend. On October 10 , the company had 50,000 shares of $1 par common stock issued and outstanding with a market price of $12 per share. The stock dividend will be distributed on October 31 to shareholders of record on October 25 . Journalize the entries needed for the declaration and distribution of the stock dividend

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