Question
on January 1, 2004, Peltz incorporated had 80,000 share of $4 par common stock issued and outstanding and retained earnings of 270,000. on July 14
on January 1, 2004, Peltz incorporated had 80,000 share of $4 par common stock issued and outstanding and retained earnings of 270,000. on July 14 a 10% stock dividend was declared when the price of the stock was $12 per share. On July 30, the shares for the stock dividend were issued. Net income for the year was $ 137,000
what is the journal entry to issue the shares for the dividend?
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Accounting Information System
Authors: James A. Hall
7th Edition
978-1439078570, 1439078572
