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Bradford Company reported stockholders' equity on December 31 of the prior year as follows: Common stock $10 par value, 1.000.000 shares authorized, 400.000 shares
Bradford Company reported stockholders' equity on December 31 of the prior year as follows: Common stock $10 par value, 1.000.000 shares authorized, 400.000 shares issue $4,000,000 d. Paid-in capital in excess of par, common stock, Retained earnings. 1,500,000 3,500,000 Required: Prepare the journal entries for the following selected transactions that occured during the current year: A) February 15: The board of directors declared a 5% stock dividend to stockholders of record on March 1. The stock was selling for $12 per share. B) March 96 Distributed the stock dividend. C) May 1: cash dividend of $0.50 per share was declared by the board of directors to stockholders of record on May 20. payable June 1. Dy June 1: Pad the cash dividend. August 20 Declared and distributed a 4-for-1 stock split
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