1. 58. Issuance, Splits and Dividends
2. Suppose AT7 T had originally issued 200 million shares of common stock, $1 par, for $15 cash per share many years ago. Prepare the journal entry

2. Suppose AT&T had retained earnings of $5 billion by December 3 1, 20X2. The board directors declared a two-for-one stock split and immediately exchanged two $.50 par shares for each share outstanding. Prepare the journal entry, if any. Present the stockholders equity each share outstanding. Prepare the journal entry, if any* Present the stockholders equity section of the balance sheet before and after the split.

3. Repeat requirement 2, but assume that one additional $j par share was issued by AT&T for each share outstanding (instead of exchanging shares) and accounted for as a two-for-one sock split effected in the form of a stock dividend.
4. What journal entries would be made by the investor who bought 1,000 shares of AT&T common sock and held this investment throughout the time covered in requirements 1,2, and 3?