Record The issuance Of 64.000 shares of CommonChegg.com mapter 11- Assignment 1 Sarved Help Save...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Record The issuance Of 64.000 shares of CommonChegg.com mapter 11- Assignment 1 Sarved Help Save & Exit Submit Check my work E11-19 (Supplement 118) Journalizing Small and Large Stock Dividends (LO 11-S2) On December 31, the stockholders' equity section of the balance sheet of R&B Corporation reflected the following: eBook Common stock (par $10; authorized 60,000 shares, outstanding 24,000 shares) Additional paid-in capital Retained earnings $240,000 11,900 74,000 On February 1 of the following year, a 10 percent stock dividend was issued. The market value of the stock on February 1 was $19 per share. eferences Required: Prepare the journal entry to record the small 10 percent stock dividend and, alternatively, the large 100 percent stock dividend. (if no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
