Business, 25.02.2020 03:04, lexidecker243
On January 1, 2004, Peltz Incorporated hod 80,000 shares of $4 par common stock Issued and outstanding and retained earnings of $270,000, On July 14 a 10% stock didend was declared when the price of the stock was $12 per share. On July 30, the shares for the stock dividend were issued. Net income for the year was $137,000 DEBIT or CREDIT What is the journal entry to issue the shares for the dividend?
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On January 1, 2004, Peltz Incorporated hod 80,000 shares of $4 par common stock Issued and outstandi...
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