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On August 1, when there were 220,000 shares issued, Media Ltd. declared a 5% stock dividend on its common shares. The dividend will be distributed
On August 1, when there were 220,000 shares issued, Media Ltd. declared a 5% stock dividend on its common shares. The dividend will be distributed on August 31 to the shareholders of record on August 15. Media shares were trading at $18 on August 1, $17.50 on August 15, and $17.20 on August 31. Prepare the journal entry necessary for each date
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Survey of Accounting
Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi
3rd Edition
978-1259683794, 77490835, 1259683796, 9780077490836, 978-0078110856
