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pg dn Norman Corporation's stockholders' equity accounts have the following balances as of January 1,2016: Common stock, S10 par (60,000 shares issued and outstanding) Additional
pg dn Norman Corporation's stockholders' equity accounts have the following balances as of January 1,2016: Common stock, S10 par (60,000 shares issued and outstanding) Additional paid-in capital: common Retained earnings 5. The s. The del $ 600,000 1,500,000 Total stockholders' equity $3,300,000 Norman engaged in the following dividend transactions during 2016: March 1: Declared a 50% stock dividend on the common stock, distributable on April 10. The market price per share for the common stock was $35 on March 1, Distributed the stock dividend declared on March 1 Declared a 10% stock dividend on the common stock, distributable on August 5. April 10: June 30: August 5: Distributed the stock dividend declared on June 30 A S.60 per share cash dividend was declared on the common stock, payable on January 20, 2017 December 1: Required: Prepare the entries to record the dividend transactions for 2016. (Do not record the cash dividend payment in 2017.)
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