Vincent Corporation has 96,000 shares of $110 par common stock outstanding. On June 30, Vincent Corporation declared a 6
Posted: Mon May 30, 2022 8:11 am
Vincent Corporation has 96,000 shares of $110 par common stock
outstanding. On June 30, Vincent Corporation declared a 6% stock
dividend to be issued on July 30 to stockholders of record July 15.
The market price of the stock was $116 a share on June 30.
If no entry is required, select "No Entry" and leave the amount
boxes blank.
Question Content Area
Journalize the entry required on June 30. If an amount box does
not require an entry, leave it blank.
outstanding. On June 30, Vincent Corporation declared a 6% stock
dividend to be issued on July 30 to stockholders of record July 15.
The market price of the stock was $116 a share on June 30.
If no entry is required, select "No Entry" and leave the amount
boxes blank.
Question Content Area
Journalize the entry required on June 30. If an amount box does
not require an entry, leave it blank.