The Field, Inc. has 15,000 shares of $3 par value common stock outstanding The Field, Inc....

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The Field, Inc. has 15,000 shares of $3 par value common stock outstanding The Field, Inc. distributes a 5% stock dividend when the market value of its stock is $24 per share. Read the requirements. Requirement 1. Journalize The Field, Inc's declaration of the stock dividend on August 15 and distribution on August 31 (Record debits first, then credits. Select the explanation on the last line of the journal entry table) Start by journalizing the declaration of the stock dividend on August 15 Date Aug 15 Accounts and Explanation Now journalize the distribution of the stock dividend on August 31 Date Aug 31 Accounts and Explanation Debit Credit Debit Credit Next Next The Field, Inc. has 15,000 shares of $3 par value common stock outstanding. The Field, Inc. distributes a 5% stock dividend when the market value of its stock is $24 per share. Read the requirements. Now journalize the distribution of the stock dividend on August 31. Date Aug. 31 Accounts and Explanation Debit Credit Requirement 2. What is the overall effect of the stock dividend on The Field, Inc.'s total assets? The stock dividends have on total assets. Requirement 3. What is the overall effect on total stockholders' equity? The stock dividends have on total stockholders' equity. Next Requirements Requirements 1. Journalize The Field, Inc.'s declaration of the stock dividend on August 15 and distribution on August 31. 2. What is the overall effect of the stock dividend on The Field, Inc.'s total assets? 3. What is the overall effect on total stockholders' equity? Print Done - X The Field, Inc. has 15,000 shares of $3 par value common stock outstanding The Field, Inc. distributes a 5% stock dividend when the market value of its stock is $24 per share. Read the requirements. Requirement 1. Journalize The Field, Inc's declaration of the stock dividend on August 15 and distribution on August 31 (Record debits first, then credits. Select the explanation on the last line of the journal entry table) Start by journalizing the declaration of the stock dividend on August 15 Date Aug 15 Accounts and Explanation Now journalize the distribution of the stock dividend on August 31 Date Aug 31 Accounts and Explanation Debit Credit Debit Credit Next Next The Field, Inc. has 15,000 shares of $3 par value common stock outstanding. The Field, Inc. distributes a 5% stock dividend when the market value of its stock is $24 per share. Read the requirements. Now journalize the distribution of the stock dividend on August 31. Date Aug. 31 Accounts and Explanation Debit Credit Requirement 2. What is the overall effect of the stock dividend on The Field, Inc.'s total assets? The stock dividends have on total assets. Requirement 3. What is the overall effect on total stockholders' equity? The stock dividends have on total stockholders' equity. Next Requirements Requirements 1. Journalize The Field, Inc.'s declaration of the stock dividend on August 15 and distribution on August 31. 2. What is the overall effect of the stock dividend on The Field, Inc.'s total assets? 3. What is the overall effect on total stockholders' equity? Print Done - X