Charlie Inc

Short Answer

Charlie Inc. had the following balances in its shareholders' equity at the beginning of the current year: During the year the following transactions took place:
1. Issued 7,000 shares at $20 per share.
2. Declared a 10% stock dividend, market price $21 per share.
3. Paid the stock dividend.
4. Declared a 4 to 1 stock split.
Instructions
a) Prepare the journal entries to record the transactions.
b) Determine the number of shares outstanding.