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On September 1, the board of directors of Colorado Outfitters, Inc., declares a stock dividend on its 14,000, $5 par, common shares. The market price
On September 1, the board of directors of Colorado Outfitters, Inc., declares a stock dividend on its 14,000, $5 par, common shares. The market price of the common stock is $34 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 particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 September 01 Stock Dividends Common Stock Additional Paid-in Capital 2 September 01 No Transaction Recorded 3 September 01 No Journal Entry Required
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