Ques 5: Identify the type of issue and record the journal entries for issue of common stock ABC company issued 10,000 common shares at a par value of 0.100 OMR per share. The issue sold at OMR 10 per share. PXR company issued 10,000 common shares at a price of OMR 10 each A. A company currently has 100,000 shares outstanding that are trading at OMR 6.240 per share. The company decides to declare a 4 % stock dividend, which means an additional 4,000 shares will be issued to existing shareholders (100,000x4%). Record the journal entries for dividend declared and paid