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QS 11-7 (Algo) Accounting for small stock dividends LO P2 Epic Incorporated has 10,100 shares of $2 par value common stock outstanding. Epic declares a
QS 11-7 (Algo) Accounting for small stock dividends LO P2 Epic Incorporated has 10,100 shares of $2 par value common stock outstanding. Epic declares a 6% stock dividend on July 1 when the stock's market value is $9 per share. The stock dividend Is dlstrlbuted on July 20. Prepare journal entries for (a) declaration and (b) distribution of the stock dividend. Journal entry worksheet Note: Enter debits before credits. Eic Incorporated has 10,100 shares of $2 par value common stock outstanding. Eplc declares a 6% stock dividend on July 1 when the stock's market value is $9 per share. The stock dividend is distrlbuted on July 20. repare journal entries for (a) declaration and (b) distribution of the stock dividend. Journal entry worksheet Note: Enter debits before credits
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