Answer Happy

The stockholders' equity accounts of Caitlyn's
Cookie Corp. (CCC)















balances as of December 31, 2020 are as follows:

































Common stock, $2.50 par







$150,000







Paid in capital in excess of par







$850,000







Retained earnings







$4,500,000





















Required:

















Prepare the appropriate journal entry for each of the
following















2021 transactions:































15-Jan

CCC declares a 30% stock
dividend















Shares of CCC are currently selling on the NYSE at
$22.













14-Feb

30% stock dividend distribution date, FMV of stock
= $24





























9-May

CCC declares a 4% stock
dividend















Shares of CCC are currently selling on the NYSE at
$25.













16-May

4% stock dividend distribution date, FMV of stock
= $26





























20-Jun

CCC declares a $.70 per share
cash dividend













4-Jul

Cash dividend payment date