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On October 1, a corporation had 200,000 shares of $4 par value common stock, and $1,000,000 of retained earings. The corporation decides a 2-for-1 stock
On October 1, a corporation had 200,000 shares of $4 par value common stock, and $1,000,000 of retained earings. The corporation decides a 2-for-1 stock seat. The general journal entry to record this action i OA. Retained earnings (debit) and common stock split distribution (cedit) OB. Retained earnings (debit) and common stock (credit) OC. Retained earnings (debit) and stock split (credit) OD. No journal entry
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