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View Policies Show Attempt History Current Attempt in Progress Pegahmagabow Company has 240,000 common shares outstanding. The market price of $220 per share has made the shares unaffordable to certain investors. Because it wants to make the shares more widely available to all investors, the company is deciding whether to split its shares four-for-one or declare a 25% stock dividend. (b) Your answer is partially correct. Prepare the journal entry if the company decides to split its shares four-for-one. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry for the account titles and enter for the amounts.) Credit Debit Account Titles and Explanation 0 240000 No Entry 240000 No Entry e Textbook and Media Assistance used Solution (c) Prepare the journal entries if the company decides to declare and issue a 25% stock dividend. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter Ofor the amounts.) Account and explanation When declared: Debit Credit When issued: List of Accounts Submit Answer Attempts: 0 of 2 used Save for Later (d) The parts of this question must be completed in order. This part will be available when you complete the part above List of Accounts Assistance Used Cash Common Shares Dividends Declared Dividends Declared - Common Shares Dividends Declared - Preferred Shares Dividends Payable Equipment Income Summary Land No Entry Operating Expenses Preferred Shares Retained Earnings Sales Revenue Stock Dividends Declared Stock Dividends Issuable

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