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Foreachofthefollowingindependenttransactionsathroughd,preparethenecessaryjournalentry(ifnecessary):(a)Declaredandpaida$0.40persharecashdividendon200,000sharesofpreferredstockoutstanding.(b)Declaredanddistributeda5%stockdividendon800,000sharesof$5parvaluecommonstockoutstanding.Marketpricepercommonshareonthisdatewas$25.(c)Declaredanddistributeda2for1stockspliton500,000sharesof$10parvaluecommonstockoutstanding.(d)Declaredanddistributeda40%stockdividendon400,000commonsharesof$5parvaluecommonstockoutstanding.Marketpricepercommonshareonthisdatewas$20. Accounts Debits Credits Aaa. Bbb. ccc. Ddd.
- Foreachofthefollowingindependenttransactionsathroughd,preparethenecessaryjournalentry(ifnecessary):(a)Declaredandpaida$0.40persharecashdividendon200,000sharesofpreferredstockoutstanding.(b)Declaredanddistributeda5%stockdividendon800,000sharesof$5parvaluecommonstockoutstanding.Marketpricepercommonshareonthisdatewas$25.(c)Declaredanddistributeda2for1stockspliton500,000sharesof$10parvaluecommonstockoutstanding.(d)Declaredanddistributeda40%stockdividendon400,000commonsharesof$5parvaluecommonstockoutstanding.Marketpricepercommonshareonthisdatewas$20.
| Accounts | Debits | Credits |
| Aaa. |
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| Bbb. |
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| ccc. |
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| Ddd.
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