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Antique Buggy Corporation has 820,000 shares of $35 par common stock outstanding. On June 8, Antique Buggy Corporation declared a 5% stock dividend to be
Antique Buggy Corporation has 820,000 shares of $35 par common stock outstanding. On June 8, Antique Buggy Corporation declared a 5% stock dividend to be issued August 12 to stockholders of record on July 13. The market price of the stock was $63 per share on June 8. Journalize the entries required on June 8, July 13, and August 12. If no entry is required, simply skip to the next transaction. Refer to the Chart of Accounts for exact wording of account titles.
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