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HANDOUT 11-4 STOCK DIVIDENDS AND STOCK SPLITS Jennings Corp. has 1,000,000 shares of S1 par value stock authorized, 200,000 shares issued, and 150,000 shares outstanding

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HANDOUT 11-4 STOCK DIVIDENDS AND STOCK SPLITS Jennings Corp. has 1,000,000 shares of S1 par value stock authorized, 200,000 shares issued, and 150,000 shares outstanding On March 31, Jones' Board of Directors declared a 10% stock dividend at a time that the stock carried a market value of $30. Prepare the journal entry required to record this transaction and then post it to the related T-accounts: March 31 Compute the number of shares outstanding after the March 31 stock dividend. Jennings Corp. announced a 100% stock dividend on June 30. Prepare the journal entry required to record this transaction and then post it to the related T-accounts: June 30 Compute the number of shares outstanding after the June 30 stock dividend. HANDOUT 11-4, continued Jennings Corp. announced a 2 for 1 stock split on September 30. Prepare the journal entry required to record the transaction described above and then post it to the related T-accounts: September 30 Compute the number of shares outstanding after the September 30 stock split

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