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help Marigold Corp. has 245.000 shares of $9 par value common stock outstanding. It declares a 12% stock dividend on December 1 when the market
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Marigold Corp. has 245.000 shares of $9 par value common stock outstanding. It declares a 12% stock dividend on December 1 when the market price per share is $17. The dividend shares are issued on December 31 . Prepare the entries for the declaration and distribution of the stock dividend. (Record joumal entries in the order precented in the prablemt Ordit occount utles are autpmatically indented when omount is entered. Do not indent manually. If no entry is required, select "No Entry" for the ocoount tities and enter 0 for the amounts.) Step by Step Solution
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