C O ezto mheducation.com/hm.tp Hugo Rivas ACCT 2301: Fall 2017 ACCT 2301 ONLINE

Question

C O ezto mheducation.com/hm.tp Hugo Rivas ACCT 2301: Fall 2017 ACCT 2301 ONLINE ING instructions I help INAL EXAM PART Save & Exit Sutnt Question 1 (of 20 Time remaining 054:06 1. A corporation had 10,000 shares of $10 par value common stock ousstanding The board of directors declered and issued a 10% stock share What is the journal entry to record this stock dividend? dividend The market value of the stock wes S20 per O Debit Retained Earmings and crecit Common Stock for $20,000 O Debit Retained Earnings and credit Common Stock for $10.000 O No entry is mace to record the stock dividend O Debit Retained Earnings for $20 000, credt Common Shock for $10.000 and credit Additional Paid-in Copital for $10.000 Type here to search 12/12/2017

Explanation / Answer

Retained earnings 20000              Common stock 10000              Paid in capital in excess of par 10000

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