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The equity accounts of Cullumber Group have the following balances on December 31, 2022. Shares of Cullumber Group are currently selling at 34. Prepare the
The equity accounts of Cullumber Group have the following balances on December 31, 2022. Shares of Cullumber Group are currently selling at 34. Prepare the appropriate journal entries for each of the following cases. (Credit account titles are automatically indented when amount i entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) (a) A share dividend of 8% is (1) declared and (2) issued. (b) A share dividend of 100% is (1) declared and (2) issued. (c) A 2-for-1 share split is (1) declared and (2) issued. No. Account Titles and Explanation Debit Credit (a) (1) (a) (2) (b) (1) (b) (2) (c) (1) (c) (2)
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