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QUESTION 8 Bradford Company reported stockholders equity on December 31 of the prior year as follow Common stock $10 par value, 2,000,000 shares authorized,

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QUESTION 8 Bradford Company reported stockholders equity on December 31 of the prior year as follow Common stock $10 par value, 2,000,000 shares authorized, 800.000 shares issue $8,000,000 Paid-in capital in excess of par, common stock Retained earnings. 3,000,000 7,000,000 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-EN+F10 (Mac) B 1 US Click Save and Paragraph M Arial 14p M THE I 10 points Seve Me See All Awe Cose Wind Save and Subm

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