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On April 1 st , George Co. declares a stock dividend on its $1 par value stock. It had 1,000 shares outstanding and the market

On April 1st, George Co. declares a stock dividend on its $1 par value stock. It had 1,000 shares outstanding and the market value was $13 per share.

Using Journal Entries:

  1. What would be the debit to retained earnings for a 10% stock dividend
  2. What would be the debit to retained earnings for a 30% stock dividend

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