Stock Dividend Augusta Corporation reported the following information: 50,000 shares of $4 par value common stock author

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Stock Dividend Augusta Corporation Reported The Following Information 50 000 Shares Of 4 Par Value Common Stock Author 1 (20.6 KiB) Viewed 10 times

Stock Dividend Augusta Corporation reported the following information: 50,000 shares of $4 par value common stock authorized, 42,000 shares common stock issued, 18,000 shares treasury stock. Required: 1. What is the appropriate journal entry to record a 5% stock dividend if the market price of the common stock is $45 per share when the dividend is declared? If an amount box does not require an entry, leave it blank. Dividends Declared Common Stock ✓54000 0 Additional Paid-In Capital-Common Stock X 0 X 7200 X X X 46800 X