Exercise 10-10A Record stock dividends and stock splits (LO10-6) On September 1, the board of directors...
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Exercise 10-10A Record stock dividends and stock splits (LO10-6) On September 1, the board of directors of Colorado Outfitters, Inc., declares a stock dividend on its 15,000, $6 par, common shares. The market price of the common stock is $35 on this date. Required: 1.2.& 3. Record the necessary journal entries assuming a small (10%) stock dividend, a large (100%) stock dividend, and a 2-for-1 stock split. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 Record the stock dividend assuming a small (10%) stock dividend. Note: Enter debits before credits. Date September 01 General Journal Debit Credit > Exercise 10-10A Record stock dividends and stock splits (LO10-6) On September 1, the board of directors of Colorado Outfitters, Inc., declares a stock dividend on its 15,000, $6 par, common shares. The market price of the common stock is $35 on this date. Required: 1.2.& 3. Record the necessary journal entries assuming a small (10%) stock dividend, a large (100%) stock dividend, and a 2-for-1 stock split. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 Record the stock dividend assuming a small (10%) stock dividend. Note: Enter debits before credits. Date September 01 General Journal Debit Credit >
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