Exercise 14-03 a-b (Video) On January 1, 2020, Oriole Corporation had $1,160,000 of common stock outstanding that was issued at par. It also had retained earnings of $747,500. The company issued 37,500 shares of common stock at par on July 1 and earned n Journalize the declaration of a 15% stock dividend on December 10, 2020, for the following independent assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no Entry" for the account titles and enter 0 for the amounts.) a. Par value is $10, and market price is $18. b. Par value is $5, and market price is $22. No. Account Titles and Explanation a. b. Debit Credit Click if you would like to Show Work for this question: Qoen Show Work
Exercise 14-03 a-b (Video) On January 1, 2020, Oriole Corporation had $1,160,000 of common stock outstanding that was issued at par. It also had retained earnings of $747,500. The company issued 37,500 shares of common stock at par on July 1 and earned n Journalize the declaration of a 15% stock dividend on December 10, 2020, for the following independent assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no Entry" for the account titles and enter 0 for the amounts.) a. Par value is $10, and market price is $18. b. Par value is $5, and market price is $22. No. Account Titles and Explanation a. b. Debit Credit Click if you would like to Show Work for this question: Qoen Show Work
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Exercise 14-03 a-b (Video)
On January 1, 2020, Oriole Corporation had $1,160,000 of common stock outstanding that was issued at par. It also had retained earnings of $747,500. The company issued 37,500 shares of common stock at par on July 1 and earned net income
Journalize the declaration of a 15% stock dividend on December 10, 2020, for the following independent assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is re
Entry" for the account titles and enter 0 for the amounts.)
b.
No. Account Titles and Explanation
a.
Par value is $10, and market price is $18.
Par value is $5, and market price is $22.
b.
Debit
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