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On July 1, a company had 150,000 shares of its $1.00 par value common stock outstanding. On July 15, the company declared a 4:3 stock
On July 1, a company had 150,000 shares of its $1.00 par value common stock outstanding. On July 15, the company declared a 4:3 stock split, with the shares issued on August 1. On November 1, the company declared a 10% stock dividend to shareholders of record on December 1. The shares from the stock dividend were issued on December 31. The stock had a market price of $20 on the declaration date. Show all appropriate journal entries,
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