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Prepare Journal Entries for Each of the Following Transactions

Question 41

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Prepare journal entries for each of the following transactions.
June 25
Declared a 7% stock dividend to common shareholders. The market value of the common stock is $14 per share. The par value is $13. There are 60,000 shares of common stock outstandinG.July 1
Issued stock dividend in settlement of dividend declared on June 25.
​ Prepare journal entries for each of the following transactions. June 25 Declared a 7% stock dividend to common shareholders. The market value of the common stock is $14 per share. The par value is $13. There are 60,000 shares of common stock outstandinG.July 1 Issued stock dividend in settlement of dividend declared on June 25. ​

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