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Check my work 8. Rather than distribute a cash dividend in January (see item). OPC considered issuing a 30 percent stock dividend on common stock.

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Check my work 8. Rather than distribute a cash dividend in January (see item). OPC considered issuing a 30 percent stock dividend on common stock. What journal entry would OPC record had a 30 percent stock dividend been issued? 9. What journal entry would OPC record had a 10 percent stock dividend been issued? Complete this question by entering your answers in the tabs below. Required 8 Required 9 Rather than distribute a cash dividend in January (see item j), OPC considered issuing a 30 percent stock dividend on common stock. What journal entry would OPC record had a 30 percent stock dividend been issued? (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the issuance of 30 percent stock dividend. Required information [The following information applies to the questions displayed below.) One Product Corporation (OPC) Incorporated at the beginning of last year. The balances on its post-closing trial balance prepared on December 31, at the end of its first year of operations, were: Cash Accounts Receivable Allowance for Doubtful Accounts Inventory Prepaid Rent Equipment Accumulated Depreciation Accounts Payable Sales Tax Payable PICA Payable withheld Income Taxes Payable Salaries and Wages Payable Unemployment Tax Payable Deferred Revenue Interest Payable Notes Payable (long-term) Common Stock Additional Paid-In Capital, Common Retained Earnings Treasury Stock 19,460 8,220 915 12,600 1,660 28,600 2,760 0 500 600 500 1,600 300 4,500 502 22,300 14,000 19,353 6,710 4,000 The following information is relevant to the first month of operations in the following year: OPC sells its Inventory at $150 per unit, plus sales tax of 6 percent. OPC's January 1 Inventory balance consists of 180 units at a total cost of $12,600. OPC's policy is to use the FIFO method, recorded using a perpetual inventory

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