Oriole Company has 4 1 , 0 0 0 shares of $ 1 0 par value common

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Question:

Oriole Company has

41, 000

shares of $

10

par value common stock outstanding. It declares a

14 %

stock dividend on December

1

when the market price per share is $

19 .

The dividend shares are issued on December

31 .

Prepare the entries for the declaration and issuance of the stock dividend.

(

Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select

"

No Entry" for the account titles and enter

0

for the amounts.

)

Date

Account Titles and Explanation

Debit

Credi

Posted Date: Jun 07, 2024 12:25 AM

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Oriole Company has 4 1 , 0 0 0 shares of $ 1 0 par value common

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