INSTRUCTIONS: Nutritious Pet Food Companys board of directors declares a large stock dividend (50%) on...
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INSTRUCTIONS: Nutritious Pet Food Companys board of directors declares a large stock dividend on June when the stocks market value per share is $ At that time, there are shares of $ par value common stock outstanding none held in treasury What is the journal entry to record the declaration of the dividend? Treasury Stock Building Common Stock Additional Paidin Capital from Common Stock Cash Land Retained Earnings Common Stock Dividend Distributable Cash Dividends Payable Preferred Stock Equipment Additional Paidin Capital from Preferred Stock PLEASE NOTE: For accounts having similar accounting treatment DR or CR you are to record accounts in the same order as shown in the textbook. You must enter the account names exactly as written above and all whole dollar amounts will be with $ and commas as needed ie $ Record the following journal entries: A Jun. Declared a large stock dividend : Account Debit Credit B Jul. Record the stock dividend distribution: Account Debit Credit
INSTRUCTIONS: Nutritious Pet Food Companys board of directors declares a large stock dividend on June when the stocks market value per share is $ At that time, there are shares of $ par value common stock outstanding none held in treasury What is the journal entry to record the declaration of the dividend?
Treasury Stock
Building Common Stock
Additional Paidin Capital from Common Stock Cash Land
Retained Earnings Common Stock Dividend Distributable Cash Dividends Payable
Preferred Stock Equipment Additional Paidin Capital from Preferred Stock
PLEASE NOTE: For accounts having similar accounting treatment DR or CR you are to record accounts in the same order as shown in the textbook. You must enter the account names exactly as written above and all whole dollar amounts will be with $ and commas as needed ie $
Record the following journal entries:
A Jun. Declared a large stock dividend :
Account Debit Credit
B Jul. Record the stock dividend distribution:
Account Debit Credit
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