Entries for stock dividends Alpine Energy Corporation has 1,500,000 shares of $40 par common stock outstanding. On August 2, Alpine Energy declared a 4% stock dividend to be issued October 8 to stockholders of record on September 15. The market price of the stock was $70 per share on August 2. Journalize the entries required on August 2, September 15, and October 8.
Corporate Financial Accounting
Corporate Financial Accounting
Solutions
Entries for stock dividends
Alpine Energy Corporation has 1,500,000 shares of $40 par common stock outstanding. On August 2, Alpine Energy declared a 4% stock dividend to be issued October 8 to stockholders of record on September 15. The market price of the stock was $70 per share on August 2. Journalize the entries required on August 2, September 15, and October 8.
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