year.

If no entry is required, select $"$No entry required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank.

a$1.$ Journalize the entry to record the declaration of the dividend, capitalizing an amount equal to market value.

Feedback

Check My Work

a$1.$ Recall that a stock dividend affects only stockholders' equity.

a$2.$ Journalize the entry to record the issuance of the stock certificates.