Question
Paris Corporation has 15,000 shares of $90 par common stock outstanding On June 8, Paris Corporation declared a 4 stock dividend to be issued August
Paris Corporation has 15,000 shares of $90 par common stock outstanding On June 8, Paris Corporation declared a 4 stock dividend to be issued August 12 to stockholders of record on July 13 The market price of the stock was $105 per share on June 8.
Journalize the entries required on June 8, July 13, and August 12 For a compound transaction, if an amount box does not require an entry, leave it blank. If no entry is required, select "No Entry Required" and leave the amount boxes blank.
Jun. 8 Jul. 13 Aug. 12
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Intermediate Accounting Reporting and Analysis
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
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