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The stockholders equity section of Benton Corporation's balance sheet as of December 31.2014 is as follows Stockholders' Equity. Journalize the following events occurred during 2015
The stockholders equity section of Benton Corporation's balance sheet as of December 31.2014 is as follows Stockholders' Equity. Journalize the following events occurred during 2015 (you only need to journalize the event for the un derlined dates (3 points each) (a) Jan 5 th 30,000 shares of authonzed and unissued common stock were sold for $8 per share (b) Jan 16 th Declared a cash divedend of 20 cents per share, payable February 15 to stock-holders of record on February 5 (c) Marchist A 30% stock drvidend was declared and issued Far yalue per share is currently $15 (d) Apnil lst A two for one split was camed out The par value of the stock was to be reduced to $2.50 per share Fair value on March 31 was \$18 per share (e) July ist A 10% stock dividend was declared and issued Fair value is currently $10 per share
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