Journal entry worksheet < 1 2 3 Record issuable of common stock dividend. Note: Enter debits before credits. Date October 10, 2024 General Journal Debit Credit Record entry Clear entry View general journal > On September 15, 2024, the Hanmei Company board of directors declared a 10% stock dividend on common shares. The shares are to be distributed on October 10, 2024, to shareholders of record on October 1, 2024. The market price per share on the date of declaration was $24.5 while the market price on the date of distribution was $26.5. The common stock has a par of $5 per share and there were 1,250,000 shares outstanding prior to the declaration of the stock dividend Required: Prepare any necessary journal entries to record the above transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet 3 Record the entry on date of record. Note: Enter debits before credits. Date General Journal Debit Credit

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 19P: Anoka Company reported the following selected items in the shareholders equity section of its...
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Journal entry worksheet
<
1
2
3
Record issuable of common stock dividend.
Note: Enter debits before credits.
Date
October 10, 2024
General Journal
Debit
Credit
Record entry
Clear entry
View general journal
>
Transcribed Image Text:Journal entry worksheet < 1 2 3 Record issuable of common stock dividend. Note: Enter debits before credits. Date October 10, 2024 General Journal Debit Credit Record entry Clear entry View general journal >
On September 15, 2024, the Hanmei Company board of directors declared a 10% stock dividend on common shares. The shares are to
be distributed on October 10, 2024, to shareholders of record on October 1, 2024. The market price per share on the date of
declaration was $24.5 while the market price on the date of distribution was $26.5. The common stock has a par of $5 per share and
there were 1,250,000 shares outstanding prior to the declaration of the stock dividend
Required:
Prepare any necessary journal entries to record the above transactions.
Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.
View transaction list
Journal entry worksheet
3
Record the entry on date of record.
Note: Enter debits before credits.
Date
General Journal
Debit
Credit
Transcribed Image Text:On September 15, 2024, the Hanmei Company board of directors declared a 10% stock dividend on common shares. The shares are to be distributed on October 10, 2024, to shareholders of record on October 1, 2024. The market price per share on the date of declaration was $24.5 while the market price on the date of distribution was $26.5. The common stock has a par of $5 per share and there were 1,250,000 shares outstanding prior to the declaration of the stock dividend Required: Prepare any necessary journal entries to record the above transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet 3 Record the entry on date of record. Note: Enter debits before credits. Date General Journal Debit Credit
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