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The following data were taken from the balance sheet accounts of Marigold Corporation on December 31, 2024. Prepare the required journal entries for the followinis

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The following data were taken from the balance sheet accounts of Marigold Corporation on December 31, 2024. Prepare the required journal entries for the followinis unrelated itens. (List oll deblt entries before credit entries, Credit occount bities are automotically indented when the amount is entered. Do not indent manually. If no entry is required, seiect "No Entry" for the occount tieles and enter O for the amounts. Record entries in the onder diployed in the problem statement. a. A SWb stockdividend is (1) deciared and (2) distributed at a time when the market arice per share is $39. b. The par value of the common stock is reduced to 52 with a 5 -for-1 stock split. c. A dlvidend is declared January 5, 2025, and paid January 25, 2025. in bonds held as an investunent. The bonds have a book value of $10 I,000 and a fair value of $134,000 Retained Earnings. Commen Siock Dividend Distributable Poid-inceital in Evcewr of Par - Common Stock Common Stock Dividend Distributable Cummon stock No Entry No Entry 1lan5,2925 Debt livestment [To record change in value of bonds] tan5.2025 Retahted Earring Property Dwidendr Pyable (To record the declaration of dividends) (an. 25, 2025 'Property Dlvidends Payable Debt Imvestiments eTextbook and Media

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