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Please show me how to calculate each answer, thank you! On September 1 , the board of directors of Colorado Outfitters, Incorporated, declares and issues
Please show me how to calculate each answer, thank you!
On September 1 , the board of directors of Colorado Outfitters, Incorporated, declares and issues a stock dividend on its 22,000 , $13 oar, common shares. The market price of the common stock is $42 on this date. Required: 1. 2. \& 3. Record the necessary journal entries assuming a small (10\%) stock dividend, a large (100\%) stock dividend, and a 2-for-1 stock split. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the stock dividend assuming a small ( 10% ) stock dividend. Note: Enter debits before credits. On September 1 , the board of directors of Colorado Outfitters, Incorporated, declares and issues a stock dividend on its 22,000 , $13 oar, common shares. The market price of the common stock is $42 on this date. Required: 1. 2. \& 3. Record the necessary journal entries assuming a small (10\%) stock dividend, a large (100\%) stock dividend, and a 2-for-1 stock split. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the stock dividend assuming a large (100\%) stock dividend. Note: Enter debits before credits. On September 1, the board of directors of Colorado Outfitters, Incorporated, declares and issues a stock dividend on its 22,000 , $13 bar, common shares. The market price of the common stock is $42 on this date. Required: 1. 2. \& 3. Record the necessary journal entries assuming a small (10\%) stock dividend, a large (100\%) stock dividend, and a 2-for-1 stock split. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the transaction assuming a 2-for-1 stock split. Note: Enter debits before creditsStep by Step Solution
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