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read through carefully different figures Cornerstone Exercise 10-34 (Algorithmic) Stock Dividend Bower Corporation reported the following intormation: common stock, $1 par; 100,000 shares authorized; 43,000

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Cornerstone Exercise 10-34 (Algorithmic) Stock Dividend Bower Corporation reported the following intormation: common stock, $1 par; 100,000 shares authorized; 43,000 shares issued and outstanding. Required: 1. What is the appropriate journal entry to record a 10% stock dividend if the market price of the common stock is $30 per share when the dlvidend is deciared? Feweled F chew My wow 1. Small stock dividends are oaptaksed using the swock' maket value, while large sock dividends are captaliged ot the stock's par value. 2. What is the appropriate journal entry to record a 30% stock dividend if the market price of the common stock is $30 per share when the dividend is declared? (Record large stock dividend) On January 1, 2019, Tommyboy Corporation repurchases 12,100 shares of its outstanding common stock for $26 per share. On May 1, 2019, Tommyboy sells 9,500 shares of treasury stock for $17 per sharo. On October 1, 2019, Tommyboy sells 1,500 shares of its treasury stock for $44 per share. Required: 1. Prepare the fournal entries to mernnd theen traneaeninne

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