QS 11-7 (Algo) Accounting for small stock dividends LO P2 Eple Inc. has 11,400 shares...
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QS 11-7 (Algo) Accounting for small stock dividends LO P2 Eple Inc. has 11,400 shares of $2 par value common stock outstanding. Epic declares a 19% stock dividend on July 1 when the stock's market value is $22 per share. The stock dividend is distributed on July 20, Prepare journal entries for (a) declaration and (6) distribution of the stock dividend. View transaction list Journal entry worksheet
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