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value: 5.00 points Company Z has 2.05 million shares of common stock authorized with a par value of $1 and a market price of $51.
value: 5.00 points Company Z has 2.05 million shares of common stock authorized with a par value of $1 and a market price of $51. There are 1.025 million outstanding shares and 0.25625 million shares held in treasury stock. Prepare the journal entry if the company declares and distributes a 10% stock dividend. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in dollars and not in millions.) a. View transaction list Journal entry worksheet Record the declaration and distribution of the 10% stock dividend Note: Enter debits before credits Transaction General Journal Debit Credit etained Earnings Common Stock 102,500 Additional Paid-in Capital Record entry Clear entry Viow general journel
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