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Brief Exercise 18-15 Stock split [LO18-8) On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split on its 80 million,
Brief Exercise 18-15 Stock split [LO18-8) On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split on its 80 million, $2.00 par, common shares, to be distributed on July 1. The market price of Siewert common stock was $29 on June 13. Prepare the journal entry to record the stock split if it is to be effected in the form of a 100% stock dividend. What is the par per share after the split? Complete this question by entering your answers in the tabs below. General Journal Par value Prepare the journal entry to record the stock split if it is to be effected in the form of a 100% stock dividend. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (l.e., 10,000,000 should be entered as 10).) ces View journal entry worksheet View transaction list Debit Credit General Journal Event No 160 Common stock 1 1 160 Paid-in capital-excess of par Par value General Journal Brief Exercise 18-15 Stock split [L018-8] On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split on its 80 million, $2.00 par, common shares, to b distributed on July 1. The market price of Siewert common stock was $29 on June 13. Prepare the journal entry to record the stock split if it is to be effected in the form of a 100 % stock dividend. What is the par per after the split? Complete this question by entering your answers in the tabs below. General Journal Par yalue What is the par per share after the split? (Enter your answer in dollars rounded to 2 decimal places.) 2.00 per share Par value
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