cyplus.com/courses/35417/assignments/3702425?module item_id=11849656 The articles of Incorporation of Curtis Airlines Co. authorized Salon common shares. The company originally issued 3.420,000 common shares. However over the years the company had repurchased and cancelled 820.000 common shares. The board declared a 50.60 cash dividend on January 1 and July 1. The date of record for the dividends is the 15th of the month, and the shares trade ex dividend on the 13th The dividends are paid on the last day of the months in which they were declared, The board of directors also declared a 5% stock dividend on October 31, and the market price on the date of declaration was $12.30 per share. The stock dividend was distributed on the date of declaration Prepare all of the journal entries required to record the above transactions. (Credit account titles are automatically indented when the amount is entered. Do not inden man for the account titles and enter for the amounts) o entry leave select "No Entry Date Account and explanation Debit Credit Pem bow Corn 270.000 G o shes outstanding. The market price of $210 per sharehas made the shares unaffordable to certain investors. Because it wants to make the sharesore watable to investors the comm is deciding whether to spetits shares four for one or declare a 30 stock dividend t decides "No entry for the accounts and enter for the h e best Account Tities and Explanation Debit Credit List of Accounts cyplus.com/courses/35417/assignments/3702425?module item_id=11849656 The articles of Incorporation of Curtis Airlines Co. authorized Salon common shares. The company originally issued 3.420,000 common shares. However over the years the company had repurchased and cancelled 820.000 common shares. The board declared a 50.60 cash dividend on January 1 and July 1. The date of record for the dividends is the 15th of the month, and the shares trade ex dividend on the 13th The dividends are paid on the last day of the months in which they were declared, The board of directors also declared a 5% stock dividend on October 31, and the market price on the date of declaration was $12.30 per share. The stock dividend was distributed on the date of declaration Prepare all of the journal entries required to record the above transactions. (Credit account titles are automatically indented when the amount is entered. Do not inden man for the account titles and enter for the amounts) o entry leave select "No Entry Date Account and explanation Debit Credit Pem bow Corn 270.000 G o shes outstanding. The market price of $210 per sharehas made the shares unaffordable to certain investors. Because it wants to make the sharesore watable to investors the comm is deciding whether to spetits shares four for one or declare a 30 stock dividend t decides "No entry for the accounts and enter for the h e best Account Tities and Explanation Debit Credit List of Accounts
