Epic Incorporated Has 10 000 Shares Of 2 Par Value Common Stock Outstanding Epic Declares A 5 Stock Dividend On July 1 (25.7 KiB) Viewed 32 times
Epic Incorporated Has 10 000 Shares Of 2 Par Value Common Stock Outstanding Epic Declares A 5 Stock Dividend On July 2 (34.12 KiB) Viewed 32 times
Epic Incorporated has 10,000 shares of $2 par value common stock outstanding. Epic declares a 5% stock dividend on July 1 when the stock's market value is $8 per share. The stock dividend is distributed on July 20. Prepare journal entries for (a) declaration and (b) distribution of the stock dividend. View transaction list Journal entry worksheet 1 2 Record the declaration of a 5% stock dividend. Note: Enter debits before credits. Date July 01 Record entry General Journal Clear entry Debit Credit View general journal
View transaction list Journal entry worksheet < 1 2 Record the distribution of 5% stock dividend. Note: Enter debits before credits. Date July 20 Record entry General Journal Clear entry Debit Credit View general journal
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