On September 1, Ziegler Corporation had 51,000 shares of $5 par value common stock, and...
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Accounting
On September 1, Ziegler Corporation had 51,000 shares of $5 par value common stock, and $153,000 of retained earnings. On that date, when the market price of the stock is $15 per share, the corporation issues a 2-for-1 stock split. The general journal entry to record this transaction is:
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