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Please help I will give thunbs up thanks! Pantucketvilie Bancshares has 39,000 shares of $1 par value common stock outstanding. Suppose Pawtuchetvile declares and distributes
Please help I will give thunbs up thanks! Pantucketvilie Bancshares has 39,000 shares of $1 par value common stock outstanding. Suppose Pawtuchetvile declares and distributes a 20% stock dividend when the market value of its stock is $16 per share. 1. Journalize Pawtucketvile's declaration and distribufon of the stock dividend on May 11. An explanation is not required. 2. What was the crerall effect of the stock dividend on Pawtucketvile's total assets? On total liablities? On total slocktholders' equity? 1. Journalize Pawtucketilie's declaration and distribution of the stock dividend on May 11. An explanation is not required. (Record debits frst, then credits, Exclude explanations from any joumal entries.)
Please help I will give thunbs up thanks!
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