On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split on its 100 million, $1 par, common shares, to be distributed on July 1. The market price of Siewert common stock was $21 on June 13. Prepare a journal entry that summarizes the declaration and distribution of the stock split if it is not to be effected in the form of a stock dividend. What is the par per share after the split? Complete this question by entering your answers in the tabs below. General Journal Par value Prepare a journal entry that summarizes the declaration and distribution of stock split if it is not to be effected in the form of a stock dividend. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction let Journal entry worksheet 1 Record the declaration and distribution of the stock split. Note: Enter debits before credits. Event 1 General Journal Debit Credit Record entry Clear entry View general journal