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Please Help me answer this! Thank You! Dala lanie More info On April 30,2024 , the market price of Pondside's common stock was $13 per
Please Help me answer this! Thank You!
Dala lanie More info On April 30,2024 , the market price of Pondside's common stock was $13 per share and the company declared a 10% stock dividend. The stock was distributed on May 15. Requirements 1. Journalize the declaration and distribution of the stock dividend. 2. Prepare the stockholders' equity section of the balance sheet as of May 31 , 2024. Assume Retained Earnings are $130,000 on April 30, 2024, before the stock dividend, and the only change made to Retained Earnings before preparing the balance sheet was closing the Stock Dividends account Step by Step Solution
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