Vincent Corporation has 96,000 share of $100 par common stock outstanding. On June 30, Vincent Corporation declared a 3% stock dividend to be issued on July 30 to stockholders of record July 15. The market price of the stock was $121 a share on June 30. If no entry is required, select "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank. Journalize the entry required on June 30. June 30 Journalize the entry required on July 15. July 15 Journalize the entry required on July 30. July 30

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Vincent Corporation has 96,000 share of $100 par common stock outstanding. On June 30, Vincent Corporation declared a 3% stock dividend to be issued
on July 30 to stockholders of record July 15. The market price of the stock was $121 a share on June 30.
If no entry is required, select "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank.
Journalize the entry required on June 30.
June 30
Journalize the entry required on July 15.
July 15
Journalize the entry required on July 30.
July 30
Transcribed Image Text:Vincent Corporation has 96,000 share of $100 par common stock outstanding. On June 30, Vincent Corporation declared a 3% stock dividend to be issued on July 30 to stockholders of record July 15. The market price of the stock was $121 a share on June 30. If no entry is required, select "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank. Journalize the entry required on June 30. June 30 Journalize the entry required on July 15. July 15 Journalize the entry required on July 30. July 30
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