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On January 1, 2020, Raleish Corporation had $2,000,000 of $10 par value common stock outstanding that was issued at par and retained earnings of $1,000,000.

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On January 1, 2020, Raleish Corporation had $2,000,000 of $10 par value common stock outstanding that was issued at par and retained earnings of $1,000,000. The company issued 200,000 shares of common stock at $12 per share on July 1. On December 15, the board of directors declared a 15% stock dividend to stockholders of record on December 31, 2020, payable on January 15, 2021. The market value of Ralelsh Corporation stock was $15 per share on December 15 and $16 per share on December 31. Net Income for 2020 was $500,000 Juno Corporation's stockholders' equity section at December 31, 2019 appears below: Stockholder's equity Paid-in capital Common stock. $10 par, 60,000 outstanding Paid-in capital in excess of par Total paid-in capital Retained earnings Total stockholder's equity $600,000 150,000 $750,000 150.000 $900,000 On June 30, 2020, the board of directors of Juno Corporation declared a 20% stock dividend payable on July 31, 2020, to stockholders of record on July 15, 2020. The fair value of Juno Corporation's stock on June 30, 2020 was $15. On December 1, 2020, the board of directors declared a 2 for 1 stock solit effective December 15, 2020. Juno Corporation's stock was selling for $20 on December 1, 2020, before the stock split was declared. Par value of the stock was adjusted. Net Income for 2020 was $190,000 and there were no cash dividends declared. Prepare the journal entries on the appropriate dates to record the stock dividend and the stock tradit

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