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Casey Company issued a 5% stock dividend on its $10 par value common stock. At the time of the stock dividend, Casey Company had 5,000
Casey Company issued a 5% stock dividend on its $10 par value common stock. At the time of the stock dividend, Casey Company had 5,000 shares of common stock issued and outstanding and the common stock had a market value of $15. Which of the following is the correct general journal entry necessary to record the stock dividend? Debit 3,750 Credit Retained Earnings Common Stock, $10 Par Value Paid-in Capital in Excess of Par-Common Retained Earnings Common Stock, $10 Par Value a. 2,500 1,750 b. 2,500 2,500 2,500 Dividends C. 2,500 Cash Cash Common Stock, $10 Par Value Paid-in Capital in Excess of Par-Common 3,750 d. 2,500 1,750 OOOO
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