Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 162 a 163 164 10-oct the board of directors of pit

162 a 163 164 10-Oct The Board of Directors of Pitcher Corp. declared a 10%...

50.1K

Verified Solution

Question

Accounting

image

162 a 163 164 10-Oct The Board of Directors of Pitcher Corp. declared a 10% stock dividend. Par value per share of common stock $ 1.00 Market price per share of common stock $ 15.00 Number of shares issued and outstanding at October 10 10,000 The stock dividend will be distributed on October 31. 165 166 167 168 INSTRUCTIONS: Prepare the journal entries for the declaration of the stock dividend and the distribution of the stock dividend. 169 170 171 172 173 174 175 176 177 178 Date Account Title 179 Debit Credit 180

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students