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Entries for stock dividends Alpine Energy Corporation has 1,200,000 shares of $10 par common stock outstanding. On August 2, Alpine Energy declared a 6%
Entries for stock dividends Alpine Energy Corporation has 1,200,000 shares of $10 par common stock outstanding. On August 2, Alpine Energy declared a 6% stock dividend to be issued October 8 to stockholders of record on September 15. The market price of the stock was $50 per share on August 2. Journalize the entries required on August 2, September 15, and October 8. If no entry is required, select "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank. Date Account Debit Credit Aug. 2 Stock Dividends Stock Dividends Distributable Paid-In Capital in Excess of Par-Common Stock Sept. 15 No Entry Required No Entry Required Oct. 8 Stock Dividends Distributable Common Stock
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