Question
QUESTION 14 Bradford Company reported stockholders' equity on December 31 of the prior year as follows: Common stock, $10 par value, 2,000,000 shares authorized,
QUESTION 14 Bradford Company reported stockholders' equity on December 31 of the prior year as follows: Common stock, $10 par value, 2,000,000 shares authorized, 800,000 shares issued.. $8,000,000 Paid-in capital in excess of par, common stock. Retained earnings. Required: Prepare the journal entries for the following selected transactions that occured during the current year: A) February 15: The board of directors declared a 5% stock dividend to stockholders of record on March 1, The stock was selling for $12 per share. B) March 9: Distributed the stock dividend. C) May 1: A cash dividend of $0.50 per share was declared by the board of directors to stockholders of record on May 20. payable June 1. D) June 1: Paid the cash dividend. E) August 20: Declared and distributed a 4-for-1 stock split. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial 3,000,000 7,000,000 14px AV I XX T
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