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On January Sandhill Corporation had $ of common stock outstanding that was issued at par. It also had retained earnings of $ The company issued shares of common stock at par on July and earned net income of $ for the year.
Journalize the declaration of a stock dividend on December for the following independent assumptions. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles and enter for the amounts.
a Par value is $ and market price is $
b Par value is $ and market price is $
No Account Titles and Explanation
a Common Stock Dividends
Common Stock Dividends Distributable
Paidin Capital in Excess of ParCommon Stock
b Common Stock Dividends Distributable
Common Stock Dividends Distributable
Paidin Capital in Excess of ParCommon Stock
Credit
table
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