The stockholders' equity accounts of Flounder Company have the following balances on December 31, 2025...
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Accounting
The stockholders' equity accounts of Flounder Company have the following balances on December 31, 2025 . Shares of Flounder Company stock are currently selling on the Philadelphia Stock Exchange at \$20. Prepare the appropriate journal entries for each of the following independent cases: (Credit account tities are automatical indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the accou and enter 0 for the amounts. List all debit entries before credit entries.) (a) Astock dividend of 200% is declared and issued. (b) A stock dividend of 10% is declared and issued. (c) A 3-for-1 stock split is declared and issued. No. Account Titles and Explanation Debit Credit (a) Retained Eamings Common Stock Dividend Distributable (To record stock dividend declared) Common Stock Dividend Distributable Common Stock (To record stock dividend issued) (b) Retained Earnings Paid-in Capital in Excess of Par - Common Stock Common Stock Dividend Distributable (To record stock dividend declared) Common Stock Dividend Distributable Common Stock (To record stock dividend issued)
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