Question
The stockholders equity accounts of G.K. Chesterton Company have the following balances on December 31, 2014. Common stock, $10 par,309,000shares issued and outstanding $3,090,000 Paid-in
The stockholders equity accounts of G.K. Chesterton Company have the following balances on December 31, 2014.
| Common stock, $10 par,309,000shares issued and outstanding | $3,090,000 |
| Paid-in capital in excess of parcommon stock | 1,246,000 |
| Retained earnings | 5,689,000 |
Shares of G.K. Chesterton Company stock are currently selling on the Midwest Stock Exchange at $38.
Prepare the appropriate journal entries for each of the following cases.
| (a) | A stock dividend of7% is (1) declared and (2) issued. |
| (b) | A stock dividend of 100% is (1) declared and (2) issued. |
| (c) | A2-for-1 stock split is (1) declared and (2) issued. |
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Accounting Chapters 14-26
Authors: Carl Warren
27th Edition
1337272116, 978-1337272117
