Bradford Company reported stockholders' equity on December 31 of the prior year as follows:Common stock, $10 par value. 2.000.000 shares authorized, 800.000shares issued.$8,000.000Paid-in capital in excess of par, common stock .3.000,000Retained earnings.7.000.000Required: Prepare the journal entries for the following selected transactions that occured during the current year:A) February 15: The board of directors declared a 5% stock dividend to stockholders of record on March 1. The stock was seing for $12 per share.B) March 9: Distributed the stock dividend.C) May 1: A cash dividend of 50.50 per share was declared by the board of directors to stockholders of record on May 20. payable June 1.D) June 1: Paid the cash dividend.E) August 20: Declared and distributed a 4-for-1 stock split.

Step 1 Journal is the part of book keeping.

Bradford Company reported stockholders' equity on December 31 of the prior year as follows: Common stock, $10 par value. 2.000.000 shares authorized, 800.000 shares issued.. $8,000.000 Paid-in capital in excess of par, common stock 3.000,000 Retained earnings 7.000.000

Bradford Company reported stockholders' equity on December 31 of the prior year as follows: Common stock, $10 par value. 2.000.000 shares authorized, 800.000 shares issued.. $8,000.000 Paid-in capital in excess of par, common stock 3.000,000 Retained earnings 7.000.000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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