Gloria has 600,000 shares of $1 par value common stock outstanding. The following transactions occurred...
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Accounting
Gloria has 600,000 shares of $1 par value common stock outstanding. The following transactions occurred during the year- prepare the entry for each transaction:
a) During April, Gloria declared a 5% stock dividend when the market price of the stock was $24 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
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