On December 31, the stockholders’ equity section of the balance sheet of R & B Corporation reflected the following: On F
Posted: Sun Jul 03, 2022 4:12 pm
On December 31, the stockholders’ equity section of the balance sheet of R & B Corporation reflected the following:
On February 1 of the following year, a 12 percent stock dividend was issued. The market value of the stock on February 1 was $23 per share.Required:Prepare the journal entry to record (a) the small 12 percent stock dividend and, alternatively, (b) the large 100 percent stock dividend.
0.66 points Book 10 is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 Record the issuance of a 12 percent stock dividend on the 20,000 shares of stock outstanding with a market value of $23 per share. Note: Enter debts before credits Transaction a Record entry General Journal Clear entry Debit Credit View general Journal
Journal entry worksheet 20 Record the issuance of a 100 percent stock dividend on the 20,000 shares of stock outstanding with a par value of $10 per share. Note: Enter debits before credits. Transaction b Record entry General Journal Clear entry Debit Credit View general journal
On February 1 of the following year, a 12 percent stock dividend was issued. The market value of the stock on February 1 was $23 per share.Required:Prepare the journal entry to record (a) the small 12 percent stock dividend and, alternatively, (b) the large 100 percent stock dividend.
0.66 points Book 10 is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 Record the issuance of a 12 percent stock dividend on the 20,000 shares of stock outstanding with a market value of $23 per share. Note: Enter debts before credits Transaction a Record entry General Journal Clear entry Debit Credit View general Journal
Journal entry worksheet 20 Record the issuance of a 100 percent stock dividend on the 20,000 shares of stock outstanding with a par value of $10 per share. Note: Enter debits before credits. Transaction b Record entry General Journal Clear entry Debit Credit View general journal