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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 15,000, $6 par, common
Golf Galaxy manufactures golf equipment and apparel. On July 31, Golf Galaxy's board of directors declares a stock dividend on its 15,000, $6 par, common shares. The market price of the common stock is $35 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 Record the stock dividend assuming a small (10%) stock dividend. Note: Enter debits before credits. Date General Journal Debit Credit July 31 Record entry Clear entry View general journal Golf Galaxy manufactures golf equipment and apparel. On July 31, Golf Galaxy's board of directors declares a stock dividend on its 15,000, $6 par, common shares. The market price of the common stock is $35 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 Record the stock dividend assuming a large (100%) stock dividend. Note: Enter debits before credits. General Journal Debit Credit Date July 31 Record entry Clear entry View general journal Golf Galaxy manufactures golf equipment and apparel. On July 31, Golf Galaxy's board of directors declares a stock dividend on its 15,000, $6 par, common shares. The market price of the common stock is $35 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 Record the stock dividend assuming a 2-for-1 stock split. Note: Enter debits before credits. Date General Journal Debit Credit July 31 Record entry Clear entry View general journal
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