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Bonita Corporation has57,000shares of $13par value common stock outstanding. It declares a15% stock dividend on December 1 when the market price per share is $19.
Bonita Corporation has57,000shares of $13par value common stock outstanding. It declares a15% stock dividend on December 1 when the market price per share is $19. The dividend shares are issued on December 31. Conform the entries for the declaration and issuance of the stock dividend. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Date | Account Titles and Explanation | Debit | Credit |
---|---|---|---|
choose a transaction date Dec. 1Dec. 31 | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
enter an account title | enter a debit amount | enter a credit amount | |
choose a transaction date Dec. 1Dec. 31 | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount |
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