QS 11-9 (Static) Accounting for large stock dividends LO P2 Belkin Incorporated has 100,000 shares of $3 par value commo

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Qs 11 9 Static Accounting For Large Stock Dividends Lo P2 Belkin Incorporated Has 100 000 Shares Of 3 Par Value Commo 1 (28.02 KiB) Viewed 40 times

QS 11-9 (Static) Accounting for large stock dividends LO P2 Belkin Incorporated has 100,000 shares of $3 par value common stock outstanding. Belkin declares a 40% stock dividend on March 2 when the stock's market value is $72 per share. Prepare the journal entry for declaration of the stock dividend. View transaction list Journal entry worksheet < 1 Record the declaration of a 40 % stock dividend. Note: Enter debits before credits. Date March 02 Record entry General Journal Clear entry Debit Credit View general Journal