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The shareholders' equity of Core Technologies Company on June 30, 2017, included the following: Common stock, $1 par; authorized, 5 million shares; issued and outstanding,
The shareholders' equity of Core Technologies Company on June 30, 2017, included the following: Common stock, $1 par; authorized, 5 million shares; issued and outstanding, 1 million shares Paid-in capital-excess of par Retained earnings $1,000,000 4,000,000 8,000,000 eBook On April 1, 2018, 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 $20 on April 1, 2018, and $30 on June 1, 2018. Hint Required: Complete the below table to calculate the stock dividend. Prepare the journal entries to record the declaration and distribution of the stock dividend. Print Complete this question by entering your answers in the tabs below. eferences Stock Dividend General Journal Complete the below table to calculate the stock dividend Stock Dividend Number of outstanding shares Stock dividend percentage (%) Number of shares to be issued Value of stock dividend June 1. i ne market price or core technologies common stock was $20 on April 1, 2018, ana $30 on June 1, 2018. 10 Required: Complete the below table to calculate the stock dividend. Prepare the journal entries to record the declaration and distribution of the stock dividend. Ints Complete this question by entering your answers in the tabs below. eBook Stock Dividend General Journal Prepare the journal entries to record the declaration and distribution of the stock dividend. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Hint View transaction list Print Journal entry worksheet References Record the declaration of the stock dividend. Note: Enter debits before credits. General Journal Debit Credit Date April 01, 2018 10 June 1. ine market price or Core iecnnologies common stock was $20 on April 1, 2018, ana $30 on June 1, 2018. Required: Complete the below table to calculate the stock dividend. Prepare the journal entries to record the declaration and distribution of the stock dividend. bints Complete this question by entering your answers in the tabs below. eBook Stock Dividend General Journal Prepare the journal entries to record the declaration and distribution of the stock dividend. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Print Journal entry worksheet References
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