Use the information below to answer the following two items: At the beginning of 2019,...
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Accounting
Use the information below to answer the following two items: At the beginning of 2019, Urban Corporation had 80,000 common shares outstanding. Par value was $10 per share and market value was $15 per share. On January 2nd, 2019, Urban declared a 30% stock dividend payable on January 30th to shareholders of record January 18th, Question 26 2.5 pt: What journal entry does Urban prepare on January 30th, 2019? Retained Earnings Debit $360,000 Common Stock [Choose) Paid-in Capital in Excess of Par - Common [Choose Common Stock [Choose
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