Entries for stock dividends Madrid Corporation has 30,000 shares of $30 par common stock outstanding. On August 2, Madrid Corporation declared a 5% stock dividend to be issued October 8 to stockholders of record on September 15. The market price of the stock was $46 per share on August 2. Journalize the entries required on August 2, September 15, and October 8. If an amount box does not require an entry, leave it blank. If no entry is required, select "No Entry Required" and leave the amount boxes blank. Aug. 2 Sept. 15
Entries for stock dividends Madrid Corporation has 30,000 shares of $30 par common stock outstanding. On August 2, Madrid Corporation declared a 5% stock dividend to be issued October 8 to stockholders of record on September 15. The market price of the stock was $46 per share on August 2. Journalize the entries required on August 2, September 15, and October 8. If an amount box does not require an entry, leave it blank. If no entry is required, select "No Entry Required" and leave the amount boxes blank. Aug. 2 Sept. 15
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 11EA: Nutritious Pet Food Companys board of directors declares a cash dividend of $1.00 per common share...
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chapter 12 q2
![Entries for stock dividends
Madrid Corporation has 30,000 shares of $30 par common stock outstanding. On August 2, Madrid Corporation declared a 5% stock dividend to be issued October 8 to
stockholders of record on September 15. The market price of the stock was $46 per share on August 2.
Journalize the entries required on August 2, September 15, and October 8. If an amount box does not require an entry, leave it blank. If no entry is required, select "No
Entry Required" and leave the amount boxes blank.
Aug. 2
Sept. 15
Oct. 8](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1b94d3bc-2b1b-4a50-bde5-76c25cf1444b%2F28097e1c-87e5-4bc5-b867-06bab1274e77%2F4sbgt0h_processed.png&w=3840&q=75)
Transcribed Image Text:Entries for stock dividends
Madrid Corporation has 30,000 shares of $30 par common stock outstanding. On August 2, Madrid Corporation declared a 5% stock dividend to be issued October 8 to
stockholders of record on September 15. The market price of the stock was $46 per share on August 2.
Journalize the entries required on August 2, September 15, and October 8. If an amount box does not require an entry, leave it blank. If no entry is required, select "No
Entry Required" and leave the amount boxes blank.
Aug. 2
Sept. 15
Oct. 8
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