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On October 1, the board of directors of Colorado Outfitters, Inc., declares a stock dividend on its 17,000, $8 par, common shares. The market price
On October 1, the board of directors of Colorado Outfitters, Inc., declares a stock dividend on its 17,000, $8 par, common shares. The market price of the common stock is $37 on this date. Complete questions 1-3. On October 1, the board of directors of Colorado Outfitters, Inc., declares a stock dividend on its 17,000, $8 par, common shares. The market price of the common stock is $37 on this date. Required: 1. 2. & 3. Record the necessary journal entries assuming a small (10%) stock dividend, a large (100%) stock dividend, and a 2-for-1 stock split. (If no entry is required for a transactionlevent, select "No journal entry required" in the first account field.) view transaction list view general journal Journal Entry worksheet Record the stock dividend assuming a small (10%) stock dividend. Debit credit Date General Journa October 01 *Enter debits before credits clear entry record entry
On October 1, the board of directors of Colorado Outfitters, Inc., declares a stock dividend on its 17,000, $8 par, common shares. The market price of the common stock is $37 on this date.
Complete questions 1-3.
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