Solar Company has 600,000 shares of $75 par common stock outstanding. On February 13, Solar...
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Accounting
Solar Company has 600,000 shares of $75 par common stock outstanding. On February 13, Solar declared a 3% stock dividend to be issued on April 30 to stockholders of record on March 14. The market price of the stock was $90 per share on February 13. Required: Journalize the entries required on February 13, March 14, and April 30. If no entry is required, simply skip to the next transaction. Refer to the Chart of Accounts for exact wording of account titles.
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