Company Z has 2.25 million shares of common stock authorized with a par value of $1 and a market price of $55. There are 1.125 million outstanding shares and 0.28125 million shares held in treasury stock.

Required:

1. Prepare the journal entry if the company declares and distributes a 10% stock dividend.
2. Show the effect of the 10% stock dividend on assets, liabilities, and stockholders' equity.
3. Prepare the journal entry if the company declares and distributes a 100% stock dividend.
4. Show the effect of the 100% stock dividend on assets, liabilities, and stockholders' equity.

Company Z has 2.25 million shares of common stock authorized with a par value of $1 and a market price of $55. There are 1.125 million outstanding shares and 0.28125 million shares held in treasury stock. Required: a. Prepare the journal entry if the company declares and distributes a 10% stock dividend. b. Show the effect of the 10% stock dividend on assets, liabilities, and stockholders' equity. c. Prepare the journal entry if the company declares and distributes a 100% stock dividend. d. Show the effect of the 100% stock dividend on assets, liabilities, and stockholders' equity. Complete this question by entering your answers in the table below. Required A Required B Required C Required D Prepare the journal entry if the company declares and distributes a 10% 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 dollars and not in millions.) View transaction list Complete this question by entering your answers in the table below. Required A Required B Required C Required D Prepare the journal entry if the company declares and distributes a 10% 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 dollars and not in millions.) View transaction list Journal entry worksheet A > Record the declaration and distribution of the 10% stock dividend. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Complete this question by entering your answers in the table below. Required A Required B Required C Required D Show the effect of the 10% stock dividend on assets, liabilities, and stockholders' equity. (Enter all amounts as positive values. Enter your answers in dollars and not in millions.) Assets Laibilities Stockholders' Equity Required A Required B Required C Required D Prepare the journal entry if the company declares and distributes 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 dollars and not in millions.) View transaction list Journal entry worksheet Record the declaration and distribution of the 100% stock dividend. Note: Enter debits before credits. General Journal Debit Credit Transaction 1 Record entry Clear entry View general journal Complete this question by entering your answers in the table below. Required A Required B Required C Required D Show the effect of the 100% stock dividend on assets, liabilities, and stockholders' equity. (Enter all amounts as positive values. Enter your answers in dollars and not in millions.) Assets Laibilities Stockholders' Equity