Answer Happy

The shareholders’ equity accounts of Bramble Inc. have
the following balances on December 31, 2020:
Common shares are currently trading on the Toronto Stock Exchange
at $67.
A stock dividend of 5% is declared and issued at the fair
value of the shares. Prepare the appropriate journal
entries. (Credit account titles are automatically
indented when the amount is entered. Do not indent manually.
If no entry is required, select "No Entry" for the account titles
and enter 0 for the amounts.)
Account Titles and Explanation
Debit
Credit
(To record declaration of stock dividend)
(To record distribution of stock dividend)
eTextbook and Media
List of Accounts
A stock dividend of 100% is declared and issued at the fair
value of the shares. Prepare the appropriate journal
entries. (Credit account titles are automatically
indented when the amount is entered. Do not indent manually.
If no entry is required, select "No Entry" for the account titles
and enter 0 for the amounts.)
Account Titles and Explanation
Debit
Credit
(To record declaration of stock dividend)
(To record distribution of stock dividend)
A 2–for–1 stock split is declared and issued. Prepare
the appropriate journal entry. (Credit account
titles are automatically indented when the amount is
entered. Do not indent manually. If no entry is required,
select "No Entry" for the account titles and enter 0 for the
amounts.)
Account Titles and Explanation
Debit
Credit