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Zurich Corporation has 12,000 shares of $40 par common stock outstanding. On June 8, Zurich Corporation declared a 2% stock dividend to be issued August
Zurich Corporation has 12,000 shares of $40 par common stock outstanding. On June 8, Zurich Corporation declared a 2% stock dividend to be issued August 12 to stockholders of record on July 13. The market price of the stock was $61 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.
Jun. 8 | fill in the blank 2 | fill in the blank 3 | |
fill in the blank 5 | fill in the blank 6 | ||
fill in the blank 8 | fill in the blank 9 | ||
Jul. 13 | fill in the blank 11 | ||
fill in the blank 13 | |||
Aug. 12 | fill in the blank 15 | ||
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