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The shareholders' equity of Core Technologies Company on June 30, 2023, included the following: On April 1, 2024, the board of directors of Core Technologies
The shareholders' equity of Core Technologies Company on June 30, 2023, included the following: On April 1, 2024, the board of directors of Core Technologies declared a 10% stock dividend on common shares, to be distributed on June 1. The market price of Core Technologies' common stock was $30 on April 1, 2024, and \$40 on June 1, 2024. Required: Prepare the journal entries to record the declaration and distribution of the stock dividend. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. 1 Record the declaration of the stock dividend. 2 Record the distribution of the stock dividend
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