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Epic Inc. has 10,500 shares of $2 par value common stock outstanding. Epic declares a 10% stock dividend on July 1 when the stock's market
Epic Inc. has 10,500 shares of $2 par value common stock outstanding. Epic declares a 10% stock dividend on July 1 when the stock's market value is $13 per share. The stock dividend is distributed on July 20. Prepare journal entries for (a) declaration and (b) distribution of the stock dividend. View transaction list points 00:58:49 Journal entry worksheet Record the declaration of a 10% stock dividend. Note: Enter debits before credits. Date General Journal Debit Credit July 01 Record entry Clear entry View general journal 22 Epic Inc. has 10,500 shares of $2 par value common stock outstanding. Epic declares a 10% stock dividend on July 1 when the stock's market value is $13 per share. The stock dividend is distributed on July 20. Prepare journal entries for (a) declaration and (b) distribution of the stock dividend. View transaction list points (8 00:58:41 Journal entry worksheet
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