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p can you please answer this question very quickly i don't have much time? 1. On January 1, 2020, ABC Company had the following items:
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can you please answer this question very quickly i don't have much time?
1. On January 1, 2020, ABC Company had the following items: Common Stock ($15 par value, 200,000 shares issued and outstanding Paid-in Capital in Excess of Par - Common Stock Retained Earnings $3,000,000 1,500,000 3,200,000 During the period the following transactions occurred. April 1 Declared a $2 cash dividend per share to stockholders of record on April 15, payable May 1. May 1 Paid the dividend declared in April. June 1 Announced a 5-for-1 stock split. Prior to the split, the market price per share was $24. Declared a 15% stock dividend to stockholders of record on August 15, distributable August 31. On August 1, the market price of the stock was $10 per share. Aug 31 issued the shares for the stock dividend. Aug 1 Journalize the five transactions for the cash dividends, stock dividends, and stock splitStep by Step Solution
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