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On September 1, the board of directors of Colorado Outfiters, Inc., declares a stock dividend on its 10,000, $1 par, common shares. The market price
On September 1, the board of directors of Colorado Outfiters, Inc., declares a stock dividend on its 10,000, $1 par, common shares. The market price of the common stock is $30 on this date. Required: 1 2 & 3 Record the necessary our al entries assuming a mall 10% stock dividend, a large 100% stock dividend, and a 2 for 1 stock split. f no entry is required for a t ansacti le en select No ournal entry required in the fist account field View transaction list Journal entry worksheet Record the stock dividend assuming a small (10%) stock dividend. Note: Enter debits before credits. Date General Journal Debit Credit Record entry Clear entry View general journal
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