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On January 1, 2022. Wildhorse Corporation had the following stockholders equity accounts. During the year, the following transactions occurred. Feb. 1 Declareda $2 cash dividend
On January 1, 2022. Wildhorse Corporation had the following stockholders equity accounts. During the year, the following transactions occurred. Feb. 1 Declareda $2 cash dividend per share to stockholders of record on February 15 , payable March 1. Mar. 1 Paid the dividend declared in February. Apr. 1 Announced a2-for-1 stock split. Prior to the split, the market price per share was $40 . July 1 Declared a 15% stock dividend to stockholders of record on July 15, distributable July 31 . On July 1, the market price of thestock was $14 per share. 31. Issued the shares for thestock dividend: Dec 1 Declared a $0.30 per share dividend tostockhoiders of record on December 15, payable january 5,2023. 31 Determined that net income for the year was $326 , 500 . Journalize the transactions and the ciosing entries for net income and dividends. (Credit occount fitles are outomaticolly indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the omounts. Record journal entries in the order presented in the problem.)
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