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On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split on its 120 million, $5 par, common shares, to be

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On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split on its 120 million, $5 par, common shares, to be distributed on July 1. The market price of Siewert common stock was $23 on June 13 Prepare the journal entry to record 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 entry to record the stock split if it is not to be effected in the form of a stock dividend. (If no entry is Prepare the required for a transaction/event, select "No journal entry required" in the first account field.) ournal entry worksheet before cr

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