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Mingenback Company has 560,000 shares of 10 par value ordinary shares outstanding. During the year Mingenback declared a 5% share dividend when the market price

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Mingenback Company has 560,000 shares of 10 par value ordinary shares outstanding. During the year Mingenback declared a 5% share dividend when the market price of the shares was 15 per share. Two months later Mingenback declared a .60 per share cash dividend. You are required to record: a. The journal entry at the date of declaration Mingenback Company has 560,000 shares of 10 par value ordinary shares outstanding. During the year Mingenback declared a 5% share dividend when the market price of the shares was 15 per share. Two months later Mingenback declared a .60 per share cash dividend. You are required to record: a. The journal entry at the date of declaration

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