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← HW 1-Chapter 15 Question 6 of 19 < View Policies Show Attempt History Current Attempt in Progress The stockholders' equity accounts of Ayayai Company have the following balances on December 31, 2017. Common stock, $3 par, 1,000,000 shares issued and outstanding Paid-in-capital in excess of par - common stock Retained earnings Shares of Ayayai Company stock are currently selling on the Midwest Stock Exchange at $23. Prepare the appropriate journal entries for each of the following independent cases. (a) $3,000,000 5,300,000 8,022,000 Your answer is correct. 6.67/20
A stock dividend of 50% is declared and issued. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation eTextbook and Media List of Accounts Save for Later Debit Credit Attempts: 0 of 3 used Submit Answer