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Help Save & Exit Submit 3 points 2012136 On September 15, 2021, the Fatma Company board of directors declared a 10% stock dividend on common
Help Save & Exit Submit 3 points 2012136 On September 15, 2021, the Fatma Company board of directors declared a 10% stock dividend on common shares. The shares are to be distributed on October 10, 2021, to shareholders of record on October 1, 2021 The market price per share on the date of declaration was $23.6 while the market price on the date of distribution was $25.6 The common stock has a par of $5 per share and there were 1,700,000 shares outstanding prior to the declaration of the stock dividend Required: Prepare any necessary journal entises to record the above transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet Record declaration of common stock dividend. 2 Record the entry on date of record. Record issuable of common stock dividend. Note journal entry has been entered 13 Deb Crede
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