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Exercise 15-14 The stockholders' equity accounts of Marigold Company have the following balances on December 31, 2017. $3,010,000 Cornmon stock, $10 par, 304,000 shares issued
"Exercise 15-14 The stockholders' equity accounts of Marigold Company have the following balances on December 31, 2017. $3,010,000 Cornmon stock, $10 par, 304,000 shares issued and outstanding Paid-in capital in excess of ar-common 1,290,000 5,340,000 Retained eamings Shares or Marigold Company stock are currently selling on the Midwest Stock Exchange at $40. Prepare the apprapriate joumal entries for each of the following cases. (Credit account titles are automatically anlounts.) Hount is entered. Do not indet manually. If no entry is required, select "No Entry" for the account titles and enter for the (a) Astuck dividend of 7% is (1) declared and (2) issued. (b) A stock dividend of 100% Is (1) declared and (2) scued. (c) A2 for 1 stock split is (1) declared and (2) issued. Debit Credit No. Account Titles and Explanation (a) (1) (-) (2) (5) (1) (=) () (0) (1) (0 (2)
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