The stockholders equity accounts of Sheridan Company have the following balances on
December
Common stock, $ par, shares issued and outstanding $
Paidin capital in excess of parcommon stock
Retained earnings
Shares of Sheridan Company stock are currently selling on the Midwest Stock Exchange at
$
Prepare the appropriate journal entries for each of the following cases. List all debit entries
before credit entries. Credit account titles are automatically indented when the amount is entered. Do
not indent manually. If no entry isrequired,select No Entry" for the account titles and enter for the
amounts.
a A stock dividend of is declared and issued.
b A stock dividend of is declared and issued.
c A for stock split is declared and issued.
No Account Titles and Explanation Debi
