The Smith Company currently has 25,000 shares of common stock outstanding. The stock has a par value of $6 per share and a market value of $26 per share in other words, the price of the stock if you want to buy it is $26 per share.

Please make the journal entry required if the company gives the stockholders an 8% stock dividend. Please make the journal entry required if the company gives the stockholders a 40% stock dividend instead of an 8% stock dividend. Suppose that instead of giving the stockholders a stock dividend the company decides to do a 3-for-1 stock split. Is a journal entry needed for a stock split? What is the balance of the Common Stock account before the stock split? How many shares of common stock would there be after the stock split? What would the par value per share be after the stock split? What is the balance of the Common Stock account after the stock split? Did the stock split change the balance of the Common stock account?