The stockholders' equity accounts of Tamarisk Company have the following balances on December 31, 2025.Common stock, $10 par, 323,000 shares issued and outstandingPaid-in capital in excess of par-common stockRetained earningsShares of Tamarisk Company stock are currently selling on the Midwest Stock Exchange at $37.Prepare the appropriate journal entries for each of the following cases. (List all debit entries before credit entries. Credit accounttitles and enter o for the amounts.)a.b.C.No. Account Titles and Explanationa. (1)a. (2)b. (1)A stock dividend of 8% is (1) declared and (2) issued.A stock dividend of 100% is (1) declared and (2) issued.A 2-for-1 stock split is (1) declared and (2) issued.b. (2)$3,230,0001,230,0005,610,000Debit//////Credit a.b.C.No. Account Titles and Explanationa. (1)a. (2)b. (1)b. (2)c. (1)A stock dividend of 8% is (1) declared and (2) issued.A stock dividend of 100% is (1) declared and (2) issued.A 2-for-1 stock split is (1) declared and (2) issued.c. (2)Debit‒‒‒‒‒‒‒‒‒‒‒‒Credit

Journal entry is a primary entry that records the financial transactions initially. The transactions…

Answered: The stockholders' equity accounts of…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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The following is the Stockholders' Equity section of the balance for Spencer Corporation as of December 31, 2019. Stockholders' Equity Common stock, $1 par value; authorized, 10,000,000 shares. Issued and outstanding, 500,000 shares Additional paid-in capital, common stock Retained earnings Total Stockholders' Equity $500,000 3,500,000 6,750,000 $10.750.000 Spencer Corporation declared a 10% stock dividend on January 1, 2020, at which date the fair value of Spencer Corporation common stock was trading at $35 per share. Prepare the January 1, 2020, journal entry to record the declaration of the stock dividend. Date Account Debit Credit
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The stockholders' equity accounts of Tamarisk Company have the following balances on December 31, 2025. Common stock, $10 par, 323,000 shares issued and outstanding Paid-in capital in excess of par-common stock Retained earnings $3,230,000 1,230,000 5,610,000