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Entries for Stock Dividends Zurich Corporation has 36,000 shares of $30 par common stock outstanding. On June 8, Zurich Corporation declared a 4% stock dividend
Entries for Stock Dividends Zurich Corporation has 36,000 shares of $30 par common stock outstanding. On June 8, Zurich Corporation declared a 4% stock dividend to be issued August 12 to stockholders of record on July 13. The market price of the stock was $35 per share on June 8. Journalize the entries required on June 8, July 13, and August 12. For a compound transaction, if an amount box does not require an entry, leave it blank. If no entry is required, select "No Entry Required and leave the amount boxes blank. Jun, 8. Stock Dividends Stock Dividends Distributable Paid-In Capital in Excess of Par-Common Stock Jul. 13 No Entry Required. No Entry Required Aug. 12 Stock Dividends Distributable Common Stock 0 0
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