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please help fill in Nutritious Pet Food Company's board of directors declares a small stock dividend (5%) on June 30 when the stock's market value
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Nutritious Pet Food Company's board of directors declares a small stock dividend (5%) on June 30 when the stock's market value per share is $27. At that time, there are 11,000 shares of $2 par value common stock outstanding (none held in treasury). What is the journal entry to record the declaration of the dividend? If an amount box does not require an entry, leave it blank. June 30 Retained Earnings . 148.500 X Common Stock Dividend Distributable 5.50 X Additional Pald-in Capital-Common Stock 5.500X Step by Step Solution
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