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Homework: #1 Accounting for a Share dividend Information taken from Jamestown from Jamestown Com's halance sheet as of April 1, 2023, follows: Common shares 375.000
Homework: #1 Accounting for a Share dividend Information taken from Jamestown from Jamestown Com's halance sheet as of April 1, 2023, follows: Common shares 375.000 shows authorized 150,000 shares issued and outstanding... Retained comings 51.102.500 673.000 On April 1. Jamestown declares and distributes to share dividend. The market value of the shares 10% share dividend. The market value of the shares on this date is $25. Required 1) Prepare the equity section for Jamestown immediately following the sh to Retained Earnings). on for Jamestown immediately following the share dividend (assume all dividends are debited directly 2) Prepare the required journal entries on the date of declaration date afecond and date of payment (distribution of shares)
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