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Pls I need help with this- thanks in advance!!! The stockholders' equity for Pondwood, Inc., on December 31, 2017, follows: (Click the icon to view
Pls I need help with this- thanks in advance!!!
The stockholders' equity for Pondwood, Inc., on December 31, 2017, follows: (Click the icon to view the stockholders' equity on December 31, 2017.) On January 31, 2018, the market price of Pondwood's common stock was $13 per share and the company distributed a 10 percent stock dividend. Data table Read the requirements. Requirement 1. Journalize the distribution of the stock dividend. (Record debits first, then credits. Exclude explanations from any journal entries.) Requirements 1. Journalize the declaration and distribution of the stock dividend. 2. Prepare the stockholders' equity section of the balance sheet after the stock dividendStep by Step Solution
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