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Instructions Vincent Corporation has 98,000 shares of $105 par common stock outstanding. On June 30, Vincent Corporation declared a 3% stock dividend to be issued

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Instructions Vincent Corporation has 98,000 shares of $105 par common stock outstanding. On June 30, Vincent Corporation declared a 3% stock dividend to be issued on July 30 to stockholder of record July 15. The market price of the stock was $125 a share on June 30. Required: Journalize the entries required on June 30, July 15, and July 30. W no entry is required, simply skip to the next transaction. Refer to the Chart of Accounts for exact wording of account titles. ASSETS REVENUE 110 Cash 410 Sales 120 Accounts Receivable 610 Interest Revenue 131 Notes Receivable 132 Interest Receivable EXPENSES 510 Cost of Goods Sol 141 Inventory 145 Supplies 515 Credit Card Expen 151 Prepaid Insurance 520 Salaries Expense 181 Land 531 Advertising Expens 191 Buildings 192 Accumulated Depreciation-Building 193 Equipment 532 Delivery Expense 533 Rent Expense 534 Insurance Expense 40.tarantin Caninant 535 Sunnliae ynanca t of Accounts 192 Accumulated Depreciation-Building 533 Rent Expense 534 Insurance Expense 193 Equipment 194 Accumulated Depreciation-Equipment 535 Supplies Expense 536 Organizational Expenses LIABILITIES 561 Depreciation Expense-Building 210 Accounts Payable 562 Depreciation Expense-Equipment 590 Miscellaneous Expense 221 Notes Payable 226 Interest Payable 231 Cash Dividends Payable 710 Interest Expense 236 Stock Dividends Distributable 241 Salaries Payable 261 Mortgage Note Payable PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. RER DEBIT CREDIT ASSETS LIARITIES EQUITY 2 3

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