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The fair market value of Holiday Travel Corporation's shares on June 30, 2017. was $12 per share. On December 1, 201?, the board of directors

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The fair market value of Holiday Travel Corporation's shares on June 30, 2017. was $12 per share. On December 1, 201?, the board of directors declared a 2for1 stock split effective December 15, 201?. Holiday Travel Corporation's shares were selling for $16 on December 1. 201?. before the stock split was declared. Profit for 2017 was $225,000 and there were no cash dividends declared. Instructions a) Prepare the journal entries on the appropriate dates to record the stock dividend and the stock split. b) Fill in the amount that would appear in the shareholders' equity section for Holidayr Travel Corporation at December 31, 2017, for the following items: 1. Common shares 2. Number of shares issued 3. Retained earnings 4 Total shareholders' equity 699943969

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