Zurich Corporation has 18,000 shares of $80 par common stock outstanding. On August 2, Zurich Corporation declared a 3% stock dividend to be issued October 8 to stockholders of record on September 15. The market price of the stock was $121 per share on August 2. Journalize the entries required on August 2, September 15, and October 8. If an amount box does not require an entry, leave it blank. If no entry is required, select "No Entry Required" and leave the amount boxes blank.

Zurich Corporation has 18,000 shares of $80 par common stock outstanding. On August 2, Zurich Corporation declared a 3% stock dividend to be issued October 8 to stockholders of record on September 15. The market price of the stock was $121 per share on August 2. Journalize the entries required on August 2, September 15, and October 8. If an amount box does not require an entry, leave it blank. If no entry is required, select "No Entry Required" and leave the amount boxes blank.

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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