On January 1, Vaughn Corporation had 121000 shares of $10 par value common stock outstanding. On March 17, the company declared a 15% stock dividend to stockholders of record on March 20. Market value of the stock was $12 on March 17. The entry to record the transaction of March 17 would include a

credit to Stock Dividends for $36300. debit to Common Stock Dividends Distributable for $181500. credit to Cash for $217800. credit to Common Stock Dividends Distributable for $181500.

On January 1, Oriole Corporation had 185000 shares of $10 par value common stock outstanding. On June 17, the company declared a 11% stock dividend to stockholders of record on June 20. Market value of the stock was $11 on June 17. The stock was distributed on June 30. The entry to record the transaction of June 30 would include a

debit to Common Stock Dividends Distributable for $223850. debit to Stock Dividends for $223850. credit to Paid-in Capital in Excess of Par for $20350. credit to Common Stock for $203500.

oronado Clothing Store had a balance in the Accounts receivable account of $1040000 at the beginning of the year and a balance of $980000 at the end of the year. Net credit sales during the year amounted to $9216250. The average collection period of the receivables in terms of days was

40.0 days. 41.2 days. 38.8 days. 30 days.