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Question 11 (5 points) On January 1, 2019, Frederick Corporation had 200,000 shares of common stock outstanding with a par value of $5 per share.
Question 11 (5 points)
On January 1, 2019, Frederick Corporation had 200,000 shares of common stock outstanding with a par value of $5 per share. On March 31, Frederick Corporation authorized a 10% stock dividend when the market value was $18 per share. Use this information to prepare the General Journal entry (without explanation) for March 31. If no entry is required then write "No Entry Required."
General Journal:
Date | Accounts | Debit | Credit |
3/31/19 |
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