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WOW! Inc. declared a 5 percent stock dividend on its 500,000 shares of common stock. The $10 par value common stock was originally sold for
WOW! Inc. declared a 5 percent stock dividend on its 500,000 shares of common stock. The $10 par value common stock was originally sold for $12 and was selling at $15 at the time the stock dividend was declared.
Prepare the general journal entries to record and distribute the stock dividend. (Omit the "$" sign in your response.) |
General Journal | Debit | Credit |
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