The stockholders’ equity accounts of Bridgeport Company have thefollowing balances on December 31, 2020.
| Common stock, $10 par, 298,000 shares issued andoutstanding | | $2,980,000 |
| Paid-in capital in excess of par—common stock | | 1,280,000 |
| Retained earnings | | 5,840,000 |
Shares of Bridgeport Company stock are currently selling on theMidwest Stock Exchange at $35.
Prepare the appropriate journal entries for each of the followingcases. (Credit account titles are automaticallyindented when amount is entered. Do not indent manually. If noentry is required, select "No Entry" for the account titles andenter 0 for the amounts.)
| (a) | | A stock dividend of 8% is (1) declared and (2) issued. |
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| (b) | | A stock dividend of 100% is (1) declared and (2) issued. |
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| (c) | | A 2-for-1 stock split is (1) declared and (2) issued. |
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No. | Account Titles and Explanation | Debit | Credit |
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(a) (1) | enter an account title for case A to record the declaration ofstock dividends | enter a debit amount | enter a credit amount |
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| enter an account title for case A to record the declaration ofstock dividends | enter a debit amount | enter a credit amount |
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| enter an account title for case A to record the declaration ofstock dividends | enter a debit amount | enter a credit amount |
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(a) (2) | enter an account title for case A to record the issuance ofstock dividends | enter a debit amount | enter a credit amount |
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| enter an account title for case A to record the issuance ofstock dividends | enter a debit amount | enter a credit amount |
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(b) (1) | enter an account title for case B to record the declaration ofstock dividends | enter a debit amount | enter a credit amount |
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| enter an account title for case B to record the declaration ofstock dividends | enter a debit amount | enter a credit amount |
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(b) (2) | enter an account title for case B to record the issuance ofstock dividends | enter a debit amount | enter a credit amount |
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| enter an account title for case B to record the issuance ofstock dividends | enter a debit amount | enter a credit amount |
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(c) (1) | enter an account title for case C to record the declaration ofthe stock split | enter a debit amount | enter a credit amount |
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| enter an account title for case C to record the declaration ofthe stock split | enter a debit amount | enter a credit amount |
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(c) (2) | enter an account title for case C to record the issuance of thestock split | enter a debit amount | enter a credit amount |
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| enter an account title for case C to record the issuance of thestock split | enter a debit amount | enter a credit amount |
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