Texas Corporation had outstanding 100,000 shares of no-par-value common stock, with a stated value of $12, on December 1, 2019. The directors voted to split the stock on a 2-for-1 basis, issuing one new share to stockholders for each share presently owned. The estimated fair value of the new share will be $6.

Give any general journal entry required on December 1. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field.)

Journal entry worksheet

• Record the entry for stock split.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
Dec 01, 2019