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Question Completion Status: QUESTION 11 Bradford Company reported stockholders' equity on December 31 of the prior year as follows: Common stock $10 par value,
Question Completion Status: QUESTION 11 Bradford Company reported stockholders' equity on December 31 of the prior year as follows: Common stock $10 par value, 1,000,000 shares authorized, 400,000 shares issue $4,000,000 Paid-in capital in excess of par, common stock. Retained earnings. 1,500,000 3,500,000 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+FN+F10 (Mac). BIVS Paragraph 3 Arial 14px Ev A Click Save and Submit to save and submit. Click Save All Answers to save all answers. IX C Save All Answers
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