hether entry is debit (DR) or credit (CR).  1. Declared stock dividend based on market price or lower than par ______________   2. Distribution of no.1  stock dividends. _______________   3.Cash sale of bond between interest date _______________   4. Payment of interest on No. 3 above. _______________

College Accounting, Chapters 1-27
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ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter21: Corporations: Taxes, Earnings, Distributions, And The Statement Of Retained Earnings
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Identify the account(s) needed to enter the transaction.  Indicate whether entry is debit (DR) or credit (CR). 

1. Declared stock dividend based on market price or lower than par ______________

 

2. Distribution of no.1  stock dividends. _______________

 

3.Cash sale of bond between interest date _______________

 

4. Payment of interest on No. 3 above. _______________

 

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