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On September 1, the board of directors of Colorado Outfitters, Inc., declares a stock dividend on its 19,000, $10 par, common shares. The market price
On September 1, the board of directors of Colorado Outfitters, Inc., declares a stock dividend on its 19,000, $10 par, common shares. The market price of the common stock is $39 on this date. Required 1.2.8 3 Record the necessary journal entries assuming a small 10% stock dividend, a large 100% stock dividend, and a 2-for-1 stock split entry required" in the first account field.) lf no entry is required for a transaction/event, select No ournal View transaction list Journal entry worksheet Record the stock dividend assuming a small (10%) stock dividend Note: Enter debits before credits Date General Journal Credit September 01 Record entry Clear entry View general journal
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