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the following data were taken from the balance sheet accounts of Wickham Corporation on December 31, 2012. Current assets: 540,000 Debt investments: 624,000 common stock
the following data were taken from the balance sheet accounts of Wickham Corporation on December 31, 2012. Current assets: 540,000 Debt investments: 624,000 common stock (par value $10): 600,000 paid in capital in excess of par-common stock: 150,000 retained earnings: 840,000 prepare the required journal entries for the following unrelated items: (a). a 5% stock dividend is declared and distributed at a time when the market price is $39 per share. (b). the par value of the capital stock is reduced to $2 witha 5-for-1 stock split. (c). a dividend is declared January 5, 2013, and paid January 25, 2013 in bonds held as an investment. the bonds have a book value of $90,000 and a fair value of $125,000
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