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Alexis has 200,000 shares of $1 par value common stock outstanding. The following transactions occurred during the year prepare the entry for each transaction: a.
Alexis has 200,000 shares of $1 par value common stock outstanding. The following transactions occurred during the year prepare the entry for each transaction: a. During April, Alexis declared a 10% stock dividend when the market price of the stock was $20 per share. b. During May, Alexis distributed the stock dividend. c. During June, Alexis declared a $0.75 per share cash dividend. d. During July, Alexis paid the cash dividend.
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