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journal entries w explanations, please! The stockholders' equity accounts of G.K. Chesterton Company have the following balances on December 31, 2020. Common stock, $10 par,
journal entries w explanations, please! The stockholders' equity accounts of G.K. Chesterton Company have the following balances on December 31, 2020. Common stock, $10 par, 300,000 shares issued and outstanding $3,000,000 Paid-in capital in excess of par common stock $1,200,000 Retained earnings $5,600,000 Shares of G.K. Chesterton Company stock are currently selling on the Midwest Stock Exchange a $37. Prepare the appropriate journal entries for each of the following cases. (a) A stock dividend of 5% (which is less than 25%) is declared and issued (15 pt) (b) A stock dividend of 100% (which is greater than 25%) is declared and issued (15 pt) (c) A 2-for-1 stock split is declared and issued (15 pt) Davis Corporation indicated that the following dollar amounts would be available for dividends during four successive years as follows: $4,000; $2,000; and $4,000. The par value of the preferred stock is $60,000 with 5% dividend. If preferred is not cumulative, we have the following: (15 pt) Preferred Common Y1 2. 3 Common If preferred is cumulative, we have the following: (15 pt) Preferred Y1 2 3
journal entries w explanations, please!
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