Required information Journal entry worksheet Record the declaration of 14% stock dividend. Note: Enter debits before credits. Date General Journal Debit Credit Feb 05 Record entry Clear entry View general journal Required information Journal entry worksheet Record the declaration of 14% stock dividend. Note: Enter debits before credits. Date General Journal Debit Credit Feb 05 Record entry Clear entry View general journal
Required information Journal entry worksheet Record the declaration of 14% stock dividend. Note: Enter debits before credits. Date General Journal Debit Credit Feb 05 Record entry Clear entry View general journal Required information Journal entry worksheet Record the declaration of 14% stock dividend. Note: Enter debits before credits. Date General Journal Debit Credit Feb 05 Record entry Clear entry View general journal
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
The stockholders’ equity of TVX Company at the beginning of the day on February 5 follows:
| Common stock—$20 par value, 150,000 shares authorized, 58,000 shares issued and outstanding |
$ | 1,160,000 | |
| Paid-in capital in excess of par value, common stock | 525,000 | ||
| 675,000 | |||
| Total stockholders’ equity | $ | 2,360,000 | |
On February 5, the directors declare a 14% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock’s market value is $40 per share on February 5 before the stock dividend. The stock’s market value is $35 per share on February 28.
Transcribed Image Text:Required information
Journal entry worksheet
Record the declaration of 14% stock dividend.
Note: Enter debits before credits.
Date
General Journal
Debit
Credit
Feb 05
Record entry
Clear entry
View general journal
Transcribed Image Text:Required information
Journal entry worksheet
Record the declaration of 14% stock dividend.
Note: Enter debits before credits.
Date
General Journal
Debit
Credit
Feb 05
Record entry
Clear entry
View general journal
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