On September 1, the board of directors of Colorado Outfitters, Inc., declares a...
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Accounting
On September 1, the board of directors of Colorado Outfitters, Inc., declares a stock dividend on its 22,000, $13 par, common shares. The market price of the common stock is $42 on this date. Required: 1. 2. & 3. Record the necessary journal entries assuming a small (10%) stock dividend, a large (100%) stock dividend, and a 2-for-1 stock split. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 3 Record the stock dividend assuming a small (10%) stock dividend. Note: Enter debits before credits. General Journal Debit Credit Date September 01
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