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The stockholders' equity accounts of Shamrock Company have the following balances on December 31, 2017. Common stock $3 par, 900,000 shares issued and outstanding $2,700,000
The stockholders' equity accounts of Shamrock Company have the following balances on December 31, 2017. Common stock $3 par, 900,000 shares issued and outstanding $2,700,000 Paid-in-capital in excess of par-common stock Retained earnings 4,500,000 8,879,000 Shares of Shamrock Company stock are currently selling on the Midwest Stock Exchange at $23. Prepare the appropriate journal entries for each of the following independent cases. The stockholders' equity accounts of Shamrock Company have the following balances on December 31, 2017. Common stock. $3 par, 900,000 shares issued and outstanding Paid-in-capital in excess of par-common stock Retained earnings $2,700,000 4,500,000 8,879,000 Shares of Shamrock Company stock are currently selling on the Midwest Stock Exchange at $23. Prepare the appropriate journal entries for each of the following independent cases. (a) Your answer is partially correct A stock dividend of 10% is declared and issued. (Credit account titles are automatically indented when amount is entered. Do not i indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)
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