sculpting schools inc is authorized to isse 200000 shared of 4 par common stock. the company issed 72000 shared at 6 per share. wheb the market price of common stock was 8 per share ,sculptung schools declared and distributed a 14% stock dividend. later sculting schols declared and paid a .80 per share cash dividend.

Requirements ct the explanation on the last line of the journal entry table.) Requirements 1. Journalize the declaration and the distribution of the stock dividend. 2. Journalize the declaration and payment of the cash dividend. First, fournatze the declaration of the mork cividend Reforesont1. Sculpting Schools, Inc is authorized to issue 200,000 shares of $4 par common stock. The company issued 72.000 shares at $6 Sculpting Schools declared and paid a 50.80 per share cash dividend. Read the requicements. Requirement 1. Journalize the declaration and the distribution of the stock dividend (Record debits first, then credits. Select the First, journalize the declaration of the stock dividend. Question 3, EF13-30 (similar to) , HW seore: 33.33%,5 of 15 points Peintsio of 2 Save \begin{tabular}{|c||c|} \hline Debit & Credit \\ \hline & \\ \hline & \\ \hline \end{tabular} Sculpting Schools, Inc. is authorized to issue 200,000 shares of $4 par common stock. The company issued 72,000 shares at $6 per share. When the mark Sculpting Schools declared and paid a $0.80 per share cash dividend. Read the reguirements: Requirement 1. Joumalize the declaration and the distribution of the stock dividend (Record debits first, then credis Silect the explanation on the last line First, foumalize the declaration of the stock dividend Requirements 1. Joumalize the deslaraticn and the dateibution of the giteck dividend 2. Journalize thie declaratien and payminent of the cash dividend