Ivanhoe Corporation has 106,000 common shares that have been issued. It declares a 6% stock dividend on December 1 to shareholders of record on December 20. The shares are issued on January 10. The share price is $14 on December 1, $13.50 on December 20, and $13.75 on January 10. Prepare the entries on the appropriate dates to record the stock dividend. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no ent required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles Debit Credit
Ivanhoe Corporation has 106,000 common shares that have been issued. It declares a 6% stock dividend on December 1 to shareholders of record on December 20. The shares are issued on January 10. The share price is $14 on December 1, $13.50 on December 20, and $13.75 on January 10. Prepare the entries on the appropriate dates to record the stock dividend. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no ent required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles Debit Credit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Ivanhoe Corporation has 106,000 common shares that have been issued. It declares a 6% stock dividend on December 1 to
shareholders of record on December 20. The shares are issued on January 10. The share price is $14 on December 1, $13.50 on
December 20, and $13.75 on January 10. Prepare the entries on the appropriate dates to record the stock dividend. (List all debit
entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is
required, select "No Entry" for the account titles and enter O for the amounts.)
Date
Account Titles
Debit
Credit
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