Assume that Cornish Corp. has 2,500,000 shares of $3 par value common stock issued and...
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Accounting
Assume that Cornish Corp. has 2,500,000 shares of $3 par value common stock issued and outstanding. the company is authorized to issue 10 million shares. Due to increased share prices, the corporation decided to implement a two for one stock split. Prepare the journal entries required on the declaration and distribution of the stock split.
Please answer with a chart or etc. NO HANDWRITING PLEASE
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