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The stockholders' equity accounts of Sunland Company have the following balances on December 31, 2025. Common stock, $10 par, 318,000 shares issued and outstanding
The stockholders' equity accounts of Sunland Company have the following balances on December 31, 2025. Common stock, $10 par, 318,000 shares issued and outstanding Paid-in capital in excess of par-common stock Retained earnings $3,180,000 1,190,000 5,560,000 Shares of Sunland Company stock are currently selling on the Midwest Stock Exchange at $34. Prepare the appropriate journal entries for each of the following cases. (List all debit entries before credit entries. Credit account titles am automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles a enter O for the amounts.) a. A stock dividend of 5% is (1) declared and (2) issued. b. A stock dividend of 100% is (1) declared and (2) issued. C. A 2-for-1 stock split is (1) declared and (2) issued. cs Scanned with CamScanner No. Account Titles and Explanation Debit Credit a. (1) a. (2) b. (1) b. (2) cs Scanned with CamScanner c. (1) c. (2) 13 cs Scanned with CamScanner
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