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Zurich Corporation has 24,000 shares of $90parcommon stockoutstanding. On August 2, Zurich Corporation declared a 5% stock dividend to be issued October 8 tostockholdersof record
Zurich Corporation has 24,000 shares of $90parcommon stockoutstanding. On August 2, Zurich Corporation declared a 5% stock dividend to be issued October 8 tostockholdersof record on September 15. The market price of thestockwas $130 per share on August 2.
Journalize the entries required on August 2, September 15, and October 8. 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.
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