requirements: (1) journalize the declaration and distribution of the stock dividend (2) how many shares of common stock are outstanding after the dividend

Robby, Inc. had 360,000 shares of $2 par value common stock issued and outstanding as of July 15, 2018. The company is authorized to issue 1,700,000 common shares. On July 15, 2018, Robby declared a 35% stock dvided when the market value for Robby's common stock was $5 per share. The stock was issued on Jul. 30. Read the requirements Requirement 1. Joumalize the declaration and distribution of the stock dividend. (Record debits first, then credits. Select the explanation on the last line of the joumal entry table) Start by joumalizing the declaration of the stock dividend. Date Accounts and Explanation Debit Credit Jul. 15 Requirements 1. Journalize the declaration and distribution of the stock dividend. 2. How many shares of common stock are outstanding after the dividend? Print Done Now jumalize the distribution of the stock dividend. Date Accounts and Explanation Ju. 30 Debit Credit Requirement 2. How many shares of common stock are outstanding after the dividend? There are shares of common stock outstanding after the dividend. Choose from any list of enter any number in the input fields and then continue to the next question Robby, Inc. had 360,000 shares of $2 par value common stock issued and outstanding as of July 15, 2018. The company is authorized to issue 1,700,000 common shares. On July 15, 2018, Robby declared a 35% stock dividend when the market value for Robby's common stock was $5 per share. The stock was issued on Jul. 30. Read the requirements Requirement 1. Journalize the declaration and distribution of the stock dividend. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Start by joumalizing the declaration of the stock dividend Date Accounts and Explanation Debit Credit Jul. 15 Dn mi Now journalize the distribution of the stock dividend. Date Accounts and Explanation Jul. 30 Debit Credit Dmin study Requirement 2. How many shares of common stock are outstanding after the dividend? Choose from any list or enter any number in the input fields and then continue to the next question. Robby, Inc. had 360,000 shares of $2 par value common stock issued and outstanding as of July 15, 2018. The cor is authorized to issue 1,700,000 common shares. On July 15, 2018, Robby declared a 35% stock dividend when the market value for Robby's common stock was $5 per share. The stock was issued on Jul. 30. Read the requirements Start by joumalizing the declaration of the stock dividend. Date Accounts and Explanation Debit Credit Jul. 15 Now journalize the distribution of the stock dividend. Date Accounts and Explanation Debit Credit Jul. 30 Requirement 2. How many shares of common stock are outstanding after the dividend? shares of common stock outstanding after the dividend. There are Choose from any list or enter any number in the input fields and then continue to the next