Entries for Stock Dividendsnter your search termVienna Corporation has 23,000 shares of $40 par common stock outstanding. On June 8, Vienna Corporation declared a 3% stock dividend to be issuedAugust 12 to stockholders of record on July 13. The market price of the stock was $50 per share on June 8.Journalize the entries required on June 8, July 13, and August 12. If no entry is required, select "No Entry Required" and leave the amount boxes blank. Ifan amount box does not require an entry, leave it blank.June 8July 13Aug. 12

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Entries for Stock Divid Vienna Corporation ha August 12 to stockhol

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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Entries for Stock Dividends
nter your search term
Vienna Corporation has 23,000 shares of $40 par common stock outstanding. On June 8, Vienna Corporation declared a 3% stock dividend to be issued
August 12 to stockholders of record on July 13. The market price of the stock was $50 per share on June 8.
Journalize the entries required on June 8, July 13, and August 12. If no entry is required, select "No Entry Required" and leave the amount boxes blank. If
an amount box does not require an entry, leave it blank.
June 8
July 13
Aug. 12

Expert Solution

Introduction

A journal entry is a record of a company's financial activities kept in its accounting books. The correct date, amounts to be debited and credited, a description of the transaction, and a unique reference number are all included in a fully documented journal entry.

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