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Pratt Company has the following equity balances: Common Stock, $1 par: $50,000 Additional Paid-in Capital: $300,000 Retained Earnings: $100,000 Total Equity: $450,000 The market price
Pratt Company has the following equity balances: Common Stock, $1 par: $50,000 Additional Paid-in Capital: $300,000 Retained Earnings: $100,000 Total Equity: $450,000 The market price per share of Pratts stock is currently $8. Pratt Company has decided to declare and issue a 20% stock dividend. The journal entry to record this transaction would be?
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