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Golf Galaxy manufactures golf equipment and apparel. On July 31, Golf Galaxy's board of directors declares a stock dividend on its 19,000, $10 par,
Golf Galaxy manufactures golf equipment and apparel. On July 31, Golf Galaxy's board of directors declares a stock dividend on its 19,000, $10 par, common shares. The market price of the common stock is $39 on July 31. 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 July 31 General Journal Debit Credit Record entry Clear entry View general journal
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