Question Content Area Entries for stock dividends Paris Corporation has 34,000 shares of $50 par...
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Accounting
Question Content Area
Entries for stock dividends
Paris Corporation has 34,000 shares of $50 par common stock outstanding. On August 2, Paris Corporation declared a 2% stock dividend to be issued October 8 to stockholders of record on September 15. The market price of the stock was $66 per share on August 2.
Journalize the entries required on August 2, September 15, and October 8. If an amount box does not require an entry, leave it blank. If no entry is required, select "No Entry Required" and leave the amount boxes blank.
Aug. 2
cash common stock, no entry paid-in capital in excess of par common stock, stock dividends
