Vincent Corporation has 90,000 shares of $105 par common stock outstanding, On June 30, Vincent Corporation declared a 3% stock dividend to be issued on July 30 to stockholders of record on July 15. The marketprice of the stock was $ $121 per share on June 30If no entry is required, select "No Entry Required" and leave the amount boxes blankJournalize the entry required on June 30. If an amount box does not require an entry, leave it blankJune 30Journalize the entry required on July 15. If an amount box does not require an entry, leave it MankMy 15Sourmalize the entry required on July 30, If an amount box does not require an entry, leave it blankJuly 30

Journal Entry :— It is an act of recording transaction in books of account when transaction…

Answered: Vincent Corporation has 90,000 shares…

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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