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  3. (b) your answer is partially correct. prepare th

(b) Your answer is partially correct. Prepare the journal entry to record (1)...

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Accounting

(b)
Your answer is partially correct.
Prepare the journal entry to record (1) the declaration and (2) distribution of the stock dividend. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
No. Date
(b)(1)
(b)(2)
Account Titles and Explanation
Retained Earnings
Paid-in Capital in Excess of Par - Common Stock
Common Stock Dividend Distributable
Common Stock Dividend Distributable
Com
Debit
Retained Earnings
Paid- Capital in Excess of Par - Common Stock
Common Stock Dividend Distributable
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