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Problem 12 The owners' equity accounts for Leahy, Inc. on January 1, 2015 are as follows: Common stock, no par value, 500,000 shares issued and

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Problem 12 The owners' equity accounts for Leahy, Inc. on January 1, 2015 are as follows: Common stock, no par value, 500,000 shares issued and outstanding $5,000,000 Retained earnings 3,000,000 Shares of Leahy's common stock are selling at this time for $30 per share. Make the necessary entries for the following cases: A 10% stock dividend is declared and issued. A 50% stock dividend is declared and issued. A 2-for-1 stock split is declared and issued

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