prepare-the-journal-entry-for-a-stock-dividend-of-5000-shares-with-a-par-value-o

Question

Prepare the journal entry for a stock dividend of 5,000 shares with a par value of $1 and a market price of $20 per share.

Accepted Answer

Debit Retained Earnings $100,000; Credit Common Stock $5,000; Credit APIC $95,000

Answer

Debit Retained Earnings $5,000; Credit Common Stock $100,000; Credit APIC $95,000

Answer

Debit Retained Earnings $100,000; Credit Common Stock $95,000; Credit APIC $5,000

Answer

Debit Retained Earnings $95,000; Credit Common Stock $5,000; Credit APIC $100,000

Prepare the journal entry for a stock dividend of 5,000 shares with a par value of \$1 and a market price of \$20 per share.