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Tamarisk Corporation has 150,000 shares of $5 par value common stock outstanding, toeclared a 145 stock dividend on June 1 when heimarket price per share was $13. The shares were issued on June 30. Prepare the necessary entries for the declaration and payment of the stock dividend (Credit account titles and automatically indented at is entered Do not indent manuale rin ro for the grourits tidles and

Tamarisk Corporation has 150,000 shares of $5 par value common stock outstanding, toeclared a 145 stock dividend on June 1 when heimarket price per share was $13. The shares were issued on June 30. Prepare the necessary entries for the declaration and payment of the stock dividend (Credit account titles and automatically indented at is entered Do not indent manuale rin ro for the grourits tidles and

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Current Attempt in Progress Tamarisk Corporation has 150,000 shares of $5 par value common stock outstanding, t declared a 14% stock dividend on June 1 when the market price per share was $13. The shares were issued on June 30. Prepare the necessary entries for the declaration and payment of the stock dividend. (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 tides and enter O for the amounts. List all debit entries before credit entries. Record journal entries in the order presented in the problem.) Date Save for Later Account Titles and Explanation Debit Credit Attempts: 0 of 4 used Submit Answer
Transcribed Image Text:Current Attempt in Progress Tamarisk Corporation has 150,000 shares of $5 par value common stock outstanding, t declared a 14% stock dividend on June 1 when the market price per share was $13. The shares were issued on June 30. Prepare the necessary entries for the declaration and payment of the stock dividend. (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 tides and enter O for the amounts. List all debit entries before credit entries. Record journal entries in the order presented in the problem.) Date Save for Later Account Titles and Explanation Debit Credit Attempts: 0 of 4 used Submit Answer
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