Declared an 8% common stock dividend when the market value of the stock was $4.50 per share

Dec. 20: Declared an 8% common stock dividend when the market value of the stock was $4.50 per share. Accounts and Explanation Debit Credit Dec. 20 Stock Dividends Common Stock Dividend Distributable Paid-In Capital in Excess of Par- Common Declared an 8% stock dividend. Jan. 1: Issued 50,000 shares of $1 par value common stock for a total of $200,000. Date Accounts and Explanation Debit Credit Jan. 1 Cash 200,000 More Info Common Stock-$1 Par Value 50,000 Paid-In Capital in Excess of Par-Common 150,000 Jan. 1Issued 50,000 shares of $1 par value common stock for a total of S200,000. 10 Issued 20,000 shares of 4%, $3 par value preferred stock in exchange for land with a market value of $70,000 Issued common stock at a premium. Jan 10: Issued 20,000 shares of 4%, $3 par value preferred stock in exchange for land with a market value of $70,000. Dec. 15 Decared total cash dividends of $15,000. 20 Declared an 8% common stock dividend when the market value of the stock was $4.50 per share. Date Accounts and Explanation Debit Credit 31 Paid the cash dividends. 31 Distributed the stock dividend Jan. 10 Land 70,000 Preferred Stock-$3 Par Value 60,000 10,000 Paid-In Capital in Excess of Par-Preferred PrintDone Issued preferred stock in exchange for land. Dec. 15: Declared total cash dividends of $15,000. Choose from any list or enter any number in the input fields and then click Check