The stockholders’ equity accounts of Junie B Frederick Company have the following balances on December 31, Year 1: Commo
Posted: Thu May 19, 2022 3:34 pm
The stockholders’ equity accounts of Junie B Frederick Company
have the following balances on December 31, Year 1:
Common stock, $10
par
$3,000,000
APIC – C/S
1,200,000
Retained earnings
5,600,000
Shares of the company’s stock are currently selling on the New
Zealand Stock Exchange for $37 per share.
Instructions:
Prepare the appropriate journal entries for each of the
following cases:
1. A stock dividend of 5% is declared and issued.
2. A stock dividend of 100% is declared and issued.
3. A 2-for-1 stock split is declared and issued.
have the following balances on December 31, Year 1:
Common stock, $10
par
$3,000,000
APIC – C/S
1,200,000
Retained earnings
5,600,000
Shares of the company’s stock are currently selling on the New
Zealand Stock Exchange for $37 per share.
Instructions:
Prepare the appropriate journal entries for each of the
following cases:
1. A stock dividend of 5% is declared and issued.
2. A stock dividend of 100% is declared and issued.
3. A 2-for-1 stock split is declared and issued.