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Current Attempt in Progress Sage Hill Corporation's stockholders' equity section at December 31, 2019 appears below: On June 30, 2020, the board of directors of
Current Attempt in Progress Sage Hill Corporation's stockholders' equity section at December 31, 2019 appears below: On June 30, 2020, the board of directors of Sage Hill Corporation declared a 20\% stock dividend, payable on July 31, 2020, to stockholders of record on July 15, 2020. The fair value of Sage Hill Corporation's stock on June 30, 2020, was \$14. On December 1, 2020, the board of directors declared a 2 for 1 stock split effective December 15, 2020. Sage Hill Corporation's stock was selling for $20 on December 1, 2020, before the stock split was declared. Par value of the stock was adjusted. Net income for 2020 was $192,000 and there were no cash dividends declared. Prepare the journal entries on the appropriate dates to record the stock dividend and the stock split. (Credit account titles are automatically indented when the amount is entered. Do and enter 0 for the amounts. List all debit entries before credit entries. Record journal entries in the order presented in the problem.)
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