On January 1,2025, Lenne Corporation had $1,200,000 of common stock outstanding that was issued at...
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Accounting
On January Lenne Corporation had $ of common stock outstanding that was issued at par and retained earnings $ 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 two 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. List all debit entries before credit entries.
a Par value is $ and market price is $
b Par value is $ and market price is $
No Account Titles and Explanation
Debit
Credit
a
b
Answer & Explanation
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