On September 1, Twister Enterprises declares and pays a 100% stock dividend on its 13,000, $1 par, common shares. The market price of the common stock on this date is $18. Record the stock dividend. (If no entry ls requlred for a particular transaction/event, select "No Journal Entry Requlred" In the first account fleld.) View transaction list Journal entry worksheet Record the stock dividend. Note: Enter debits before credits. Transaction General Journal Debit Credit September 01

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Emergency Fund

The emergency fund is an amount that is kept aside to meet financial emergencies such as medical expenses and debt settlements. Emergency funds reduce the burden on people during their hardships. People save small portions of their earnings or paychecks as emergency funds to meet financial emergencies. Emergency funds should be saved or invested in such a way that they must be easily liquidated during emergencies. The main purpose of an emergency fund is its availability when required.