The stockholders' equity accounts of Swifty Company have the following balances on December 31, 2020 Common...
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The stockholders' equity accounts of Swifty Company have the following balances on December 31, 2020 Common stock, $1 par. 1,420,000 shares issued and outstanding $1,420,000 Paid-in capital in excess of par Retained earnings 7,260,000 27,980,000 Shares of Swifty Company stock are currently selling on the Philadelphia Stock Exchange at $15. Prepare the appropriate journal entries for each of the following cases. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter O for the amounts.) A stock dividend of 200% is (1) declared and (2) issued. (a) (b) A stock dividend of 10% is (1) declared and (2) issued. (c) A3-for-1 stock split is (1) declared and (2) issued. No. Account Titles and Explanation (a)(1) Common Stock Dividend Distributable Common Stock (a) (2) Common Stock Dividend Distributable Common Stock (0) (1) Retained Earning (b)(2) Common Stock Dividend Distributable Paid-in Capital in Excess of Par-Common Stock \(4) Entry (012) NoEn Debit 2.840,000 The stockholders' equity accounts of Swifty Company have the following balances on December 31, 2020 Common stock, $1 par. 1,420,000 shares issued and outstanding $1,420,000 Paid-in capital in excess of par Retained earnings 7,260,000 27,980,000 Shares of Swifty Company stock are currently selling on the Philadelphia Stock Exchange at $15. Prepare the appropriate journal entries for each of the following cases. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter O for the amounts.) A stock dividend of 200% is (1) declared and (2) issued. (a) (b) A stock dividend of 10% is (1) declared and (2) issued. (c) A3-for-1 stock split is (1) declared and (2) issued. No. Account Titles and Explanation (a)(1) Common Stock Dividend Distributable Common Stock (a) (2) Common Stock Dividend Distributable Common Stock (0) (1) Retained Earning (b)(2) Common Stock Dividend Distributable Paid-in Capital in Excess of Par-Common Stock \(4) Entry (012) NoEn Debit 2.840,000
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