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Question 11: On October 1, a corporation had 200,000 shares of $4 par value common stock, and $1,000,000 of retained ear
Posted: Sun Jun 05, 2022 9:07 pm
by answerhappygod
- Question 11 On October 1 A Corporation Had 200 000 Shares Of 4 Par Value Common Stock And 1 000 000 Of Retained Ear 1 (23.8 KiB) Viewed 37 times
Question 11: On October 1, a corporation had 200,000 shares of $4 par value common stock, and $1,000,000 of retained earnings. The operation decides a 2-for-1 stock split. The general journal entry to record this transaction are: A. Retained earnings (debit) and common stock (credit). B. Retained earnings (debit) and common stock split distribution (credit). C. Retained earnings (debit) and Stock split (credit). and MICS D. No journal entry.