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Vienna Corporation has 40,000 shares of $40 par common stock outstanding. On June 8, Vienna Corporation declared a 5% stock dividend to be issued August
Vienna Corporation has 40,000 shares of $40 par common stock outstanding. On June 8, Vienna Corporation declared a 5% stock dividend to be issued August 12 to stockholders of record on July 13. The market price of the stock was $58 per share on June 8.
Journalize the entries required on June 8, July 13, and August 12. For a compound transaction, if an amount box does not require an entry, leave it blank. If no entry is required, select "No Entry Required" and leave the amount boxes blank.
Entries for Stock Dividends Vienna Corporation has 40,000 shares of $40 par common stock outstanding, On June 8, Vienna Corporation declared a 5% stock dividend to be issued August 12 to stockholders of record on July 13. The market price of the stock was $58 per share on June 8. blank. If no entry is Journalize the entries required on June 8, July 13, and August 12. For a compound transaction, if an amount box does not require an entry, leave required, select "No Entry Required" and leave the amount boxes blank. Jun. 8 Jul. 13 II II Aug. 12 o No Entry Required Common Stock Paid-In Capital in Excess of Par-Common Stock Stock Dividends Stock Dividends DistributableStep by Step Solution
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