On June 30, the board of directors of Sandals, Inc., declares and pays a 100% stock dividend on its 20,000, $1 par, common shares. The market price of Sandals common stock is $25 on June 30. Record the stock dividend. (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 1 Record the stock dividend Note: Enter debits before credits. Credit Transaction General Journal Debit June 30

On June 30, the board of directors of Sandals, Inc., declares and pays a 100% stock dividend on its 20,000, $1 par, common shares. The market price of Sandals common stock is $25 on June 30. Record the stock dividend. (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 1 Record the stock dividend Note: Enter debits before credits. Credit Transaction General Journal Debit June 30

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 3RE

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