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On September 1, the board of directors of Colorado Outfitters, Inc., declares a stock dividend on its 21.000. $12 par, common shares. The market price
On September 1, the board of directors of Colorado Outfitters, Inc., declares a stock dividend on its 21.000. $12 par, common shares. The market price of the common stock is $41 on this date. points 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 eBook Credit No 1 Date September 01 Debit 86,100 Print General Journal Stock Dividends Common Stock Additional Paid-in Capital 25,200 60.900 References 21 September 01 252,000 Stock Dividends Common Stock 252,000 3 September 01 Stock Dividends Common Stock Stock Dividends 86,100 25,200 252.000
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