Oldie Roadsters Ltd. has 14,000 common shares outstanding. Oldie distributes a 15 percent stock dividend when the market value of its shares is $21.50 per share. 1. Journalize Oldie's declaration of the stock dividend on August 31, 2017, and the distribution of the stock dividend on September 30, 2017. Explanations are not required. 2. What is the overall effect of the stock dividend on Oldie's total assets? On total shareholders' equity? 1. Journalize Oldie's declaration of the stock dividend on August 31, 2017, and the distribution of the stock dividend on September 30, 2017. Explanations are not required. Begin with the journal entry for the declaration of the stock dividend. (Record debits first, then credits.) Journal Entry Date Accounts Debit Credit Aug 31 Choose from any list or enter any number in the input fields and then continue to the next question Oldie Roadsters Ltd. has 14,000 common shares outstanding. Oldie distributes a 15 percent stock dividend when the market value of its shares is $21.50 per share. 1. Journalize Oldie's declaration of the stock dividend on August 31, 2017, and the distribution of the stock dividend on September 30, 2017. Explanations are not required. 2. What is the overall effect of the stock dividend on Oldie's total assets? On total shareholders' equity? Next, record the distribution of the stock dividends on September 30. Journal Entry Date Accounts Debit Credit Sept 30 2. What is the overall effect of the stock dividend on Oldie's total assets? On total shareholders' equity? The stock dividends have V on total assets. Choose from any list or enter any number in the input fields and then continue to the next question. Journamenty Date Accounts Debit Credit Sept 30 2. What is the overall effect of the stock dividend on Oldie's total assets? On total shareholders' equity? The stock dividends have on total assets. The stock dividends have on total shareholders' equity. Choose from any list or enter any number in the input fields and then continue to the next question. on shares outstanding Oldie distributes a 15 percent stoc market value of its shares is $21.50 per share. 1. Journalize Oldie's declaration of the stock dividend on August 31, 2017, and the distribution of September 30, 2017. Explanations are not required. 2. What is the overall effect of the stock dividend on Oldie's total assets? On total shareholders' ec Joumar Entry Date Accounts Debit Credit Sept 30 Cash Common Shares Common Stock Dividend Distributable 2. What is the ov Retained Earnings assets? On total shareholders' eq Treasury Shares The stock divide The stock dividends have on total shareholders' equity. hoose from any list or enter any number in the input fields and then continue to the next que