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On June 30, the board of directors of Sandals, Incorporated, declares and issues a 100% stock dividend on its 26,000 , $1 par, common shares.
On June 30, the board of directors of Sandals, Incorporated, declares and issues a 100% stock dividend on its 26,000 , $1 par, common shares. The market price of Sandals common stock is $31 on June 30. Record the stock dividend. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet
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Frank Woods Business Accounting Volume 2
Authors: Frank Wood, Ph.D. Sangster, Alan
12th Edition
0273767925, 9780273767923
