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Journal entries Madison Company has 350,000 shares of $3 par value common stoc outstanding. It declared a 40% stock dividend on June 1 when the

Journal entries

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Madison Company has 350,000 shares of $3 par value common stoc outstanding. It declared a 40% stock dividend on June 1 when the m per share was $25. The shares were issued on June 30. A. Prepare the entry IN GOOD FORM for the declaration of the stoc on June 1. B. Prepare the entry IN GOOD FORM for the distribution of the divi June 30. Record your answer on the template for question #28 and upload yo when finished

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