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Self - Dufense Schools, Inc is authorized to issue 200,000 shares of $2 par common stock. The company issued 73,000 shares at $5 per share.

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Self - Dufense Schools, Inc is authorized to issue 200,000 shares of $2 par common stock. The company issued 73,000 shares at $5 per share. When the market price of common stock was \$7 per thare, Self - Defense Schools declared and distribuled a 14% stock dividend. Later, Sel - Defense Schools declared and paid a $0.70 per share cash didiond. Read the recuitements First, journalize the declaration of the stock dividend. Now journalize the distribution of the stock dividend. Beain by loumalizing the declaration of the cash dividend. Now journalize the payment of the cash dividend

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