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o Five-Star Travel Ltd is authorized to issue 575.000 common shares. As of December 31, 2019, the company had issued 73,000 shares at $7.00 per
o Five-Star Travel Ltd is authorized to issue 575.000 common shares. As of December 31, 2019, the company had issued 73,000 shares at $7.00 per share and its Retained Earings balance was $280,000 During 2020, the following transactions took place Jun 10 Declared a 20 percent stock dividend, using the market value of $3.50 per share. Jul 20 Distributed the stock dividend Aug 5 Dedared a 50 80 par share cash dividend Date of record is August 21 15 Paid the cash dividend declared on August 5 Required Sep Requirement 1. Journalize the declaration and distribution of the stock dividend - X A Required 1. Journalize the declaration and distribution of the stock dividend. 2. Journalize the declaration and payment of the cash dividend. 3. Prepare the shareholders' equity section of the balance sheet on August 5, 2020. Print Done
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