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(H5) PSPlease fill in exactly the same way as this form Adams Moving and Storage, a family-owned corporation, declared a property dividend of 600 shares

(H5) PSPlease fill in exactly the same way as this formimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Adams Moving and Storage, a family-owned corporation, declared a property dividend of 600 shares of GE common stock that Adams had purchased in February for $16,800 as an investment. GE's shares had a market value of $26 per share on the declaration date. Prepare the journal entries to record the property dividend on the declaration and payment dates. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Note: tnter debits betore credits. Journal entry worksheet 1 Record the journal entry on the declaration date. Note: Enter debits before credits. Journal entry worksheet Record the journal entry on the payment date. Note: Enter debits before credits. Journal entry worksheet Record the journal entry on the payment date. Note: Enter debits before credits

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