Assume that Berlin Corporation has 3,000,000 shares of $5 par value common stock issued and...
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Assume that Berlin Corporation has shares of $ par value common stock issued and outstanding. The company is authorized to issue million shares. Due to increased share prices, the corporation decided to implement a for stock split. Prepare the journal entries required on the declaration and distribution of the stock split. Record debits first, then credits. Exclude explanations from any journal entries. If no entry is required, select No Entry Required" on the first line of the Account column and leave all other fields blank. 
Assume that Berlin Corporation has shares of $ par value common stock issued and outstanding. The company is authorized to issue million shares. Due to increased share prices,
the corporation decided to implement a for stock split. Prepare the journal entries required on the declaration and distribution of the stock split. Record debits first, then credits. Exclude
explanations from any journal entries. If no entry is required, select No Entry Required" on the first line of the Account column and leave all other fields blank.
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