Question
Canarie Corporation has 109,100 common shares that have been issued. It declares a 4% stock dividend on December 1 to shareholders of record on December
Canarie Corporation has 109,100 common shares that have been issued. It declares a 4% stock dividend on December 1 to shareholders of record on December 20. The shares are issued on January 10. The share price is $15 on December 1, $14.50 on December 20, and $14.75 on January 10. Prepare the entries on the appropriate dates to record the stock dividend. (List all debit entries before credit entries. Credit account titles are automatically indented when the 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 |
---|---|---|---|
Dec. 1 | enter an account title for the journal entry on december 1 | enter a debit amount | enter a credit amount |
enter an account title for the journal entry on december 1 | enter a debit amount | enter a credit amount | |
Dec. 20 | enter an account title for the journal entry on december 20 | enter a debit amount | enter a credit amount |
enter an account title for the journal entry on december 20 | enter a debit amount | enter a credit amount | |
Jan. 10 | enter an account title for the journal entry on january 10 | enter a debit amount | enter a credit amount |
enter an account title for the journal entry on january 10 | enter a debit amount | enter a credit amount |
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