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The Paris Water Company has 200,000 Common shares outstanding in 2020. On November 8 the Board of Directors declares a 1% share dividend, to be
The Paris Water Company has 200,000 Common shares outstanding in 2020. On November 8 the Board of Directors declares a 1% share dividend, to be issued on November 30 to shareholders of record on November 15. The value in the Common Shares account is $1,000,000, the price per share on November 8 is $10.00 and on November 30 the market value is $9.50. With this information, calculate the values required and fill in the following journal entry: Nov 30 Common Share Dividend Distributable Blank 1 Common Shares Blank 2 Blank 3 shares issued Blank 1 Add your answer Blank 2 Add your answer Blank 3 Add your
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