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I am having trouble with this question if you could show me how to solve: On January 1, 2019, Frederick Corporation had 200,000 shares of
I am having trouble with this question if you could show me how to solve:
On January 1, 2019, Frederick Corporation had 200,000 shares of common stock outstanding with a par value of $5 per share. On March 31, Frederick Corporation authorized a 10% stock dividend when the market value was $18 per share. Use this information to prepare the General Journal entry (without explanation) for March 31. If no entry is required then write "No Entry Required."
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