FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:Belkin Incorporated has 100,000 shares of $3 par value common stock outstanding. Belkin declares a 40%
stock dividend on March 2 when the stock's market value is $72 per share.
Prepare the journal entry for declaration of the stock dividend.
View transaction list
Journal entry worksheet
>
1
Record the declaration of a 40% stock dividend.
Note: Enter debits before credits.
Date
March 02
General Journal
Debit
Credit
View general journal
Record entry
Clear entry
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