prepare-the-journal-entry-for-a-stock-dividend-of-10000-shares-with-a-par-value-

Question

Prepare the journal entry for a stock dividend of 10,000 shares with a par value of $$2 and a market price of 25 $$per share.

Accepted Answer

Debit Retained Earnings $$250,000; Credit Common Stock 20$$,000; Credit APIC $230,000

Answer

Debit Retained Earnings $$230,000; Credit Common Stock 20$$,000; Credit APIC $250,000

Answer

Debit Retained Earnings $$20,000; Credit Common Stock 250$$,000; Credit APIC $230,000

Answer

Debit Retained Earnings $$250,000; Credit Common Stock 230$$,000; Credit APIC $20,000

Prepare the journal entry for a stock dividend of 10,000 shares with a par value of \$2 and a market price of \$25 per share.