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  1. business
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  3. top-value corporation has 265,500 shares of $30 pa

Top-Value Corporation has 265,500 shares of $30 par common stock outstanding. On September...

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Accounting

Top-Value Corporation has 265,500 shares of $30 par common stock
outstanding. On September 2, Top-Value Corporation declared a 1%
stock dividend to be issued November 30 to stockholders of record
on October 3. The market price of the stock was $50 per share on
September 2.Journalize the entries required on September 2, October 3, and
November 30. If no entry is required, simply skip to the next
transaction. Refer to the chart of accounts for the exact wording
of the account titles. CNOW journals do not use lines for journal
explanations. Every line on a journal page is used for debit or
credit entries. CNOW journals will automatically indent a credit
entry when a credit amount is entered.

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