Question
cash and Stock dividens and stock split Prepare journal entries to record the following separate transactions for four companies. (In cases where no entry is
cash and Stock dividens and stock split
Prepare journal entries to record the following separate transactions for four companies. (In cases where no entry is required, please select the option "No journal entry required" for your answer to grade correctly. Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.) |
1. | Declared a $0.40 per share cash dividend on 200,000 shares of preferred stock outstanding. |
2. | Declared and distributed a 12% stock dividend on 800,000 shares of $5 par value common stock outstanding. Market price per common share on this date was $25. |
3. | Declared and distributed a 2-for-1 stock split on 500,000 shares of $10 par value common stock outstanding. |
4. | Declared and distributed a 30% stock dividend on 400,000 common shares of $5 par value common stock outstanding. Market price per common share on this date was $20. |
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