Entries for stock dividends a 5% stock dividend when the market price of the stock...
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Accounting
Entries for stock dividends a stock dividend when the market price of the stock was $ a share. Healthy Life reported no income or loss for the current year.
If no entry is required, select No entry required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank.
a Journalize the entry to record the declaration of the dividend, capitalizing an amount equal to market value.
Stock Dividends
Stock Dividends Distributable
PaidIn Capital in Excess of ParCommon Stock
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a Recall that a stock dividend affects only stockholders' equity.
a Journalize the entry to record the issuance of the stock certificates.
Stock Dividends Distributable
Common Stock
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