18. (2 points). Gloria has 400,000 shares of $0.10 par value common stock outstanding. The...
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Accounting
18. (2 points). Gloria has 400,000 shares of $0.10 par value common stock outstanding. The following transactions occurred during the year:
a.During April, Gloria declared a 10% stock dividend when the market price of the stock was $28 per share
.b.During May, Gloria distributed the stock dividend.
c.During June, Gloria declared a $0.50 per share cash dividend
d.During July, Gloria paid the cash dividend.
Prepare the entries for each of these transactions.
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