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Scenario 2: Misner's Corporation Part 1: Journalize the following transactions. Jan. 15 - Declared cash dividend of $1 per share. 70,000 shares currently issued. Feb

image text in transcribedimage text in transcribedimage text in transcribed Scenario 2: Misner's Corporation Part 1: Journalize the following transactions. Jan. 15 - Declared cash dividend of $1 per share. 70,000 shares currently issued. Feb 15 - The dividend declared on Jan. 15 was paid April 15 - Stock dividend of $13/ share declared on 7,000 common shares. May 15 - Stock dividend declared on April 15th was paid. July 1 - Memo issued: 2 -for-1 stock split announced Dec. 1 - Cash dividend of $0.50/ share declared on all issued shares. December 31st - Prepare closing entries. Revenue was $1 million and expenses $750,000 Part 2: Post to the general Ledger Common Shares Common Shares Dividend Distributable Cash Dividends Stock Dividends Retained Earnings Part 3: Prepare a partial balance sheet for the shareholder's equity section. Scenario 2: Misner's Corporation Part 1: Journalize the following transactions. Jan. 15 - Declared cash dividend of $1 per share. 70,000 shares currently issued. Feb 15 - The dividend declared on Jan. 15 was paid April 15 - Stock dividend of $13/ share declared on 7,000 common shares. May 15 - Stock dividend declared on April 15th was paid. July 1 - Memo issued: 2 -for-1 stock split announced Dec. 1 - Cash dividend of $0.50/ share declared on all issued shares. December 31st - Prepare closing entries. Revenue was $1 million and expenses $750,000 Part 2: Post to the general Ledger Common Shares Common Shares Dividend Distributable Cash Dividends Stock Dividends Retained Earnings Part 3: Prepare a partial balance sheet for the shareholder's equity

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