As of January I,2014,the equity section of LD Food Co.'s balance sheet contained the following:

• On November 1,2014,the company declared and paid the annual cash dividends on the preferred shares. On the same day,the company issued a 5% stock dividend on common shares. LD Food's stock traded at $7/share after the dividend.
Requirement:
Record the journal entries for the above transactions occurring in 2014.

Question

As of January I,2014,the equity section of LD Food Co.'s balance sheet contained the following:
  
• On November 1,2014,the company declared and paid the annual cash dividends on the preferred shares. On the same day,the company issued a 5% stock dividend on common shares. LD Food's stock traded at $7/share after the dividend.
Requirement:
Record the journal entries for the above transactions occurring in 2014.

Quizplus · Accepted Answer

The Answer of As of January I,2014,the equity section of LD Food Co.'s balance sheet contained the following:
  
• On November 1,2014,the company declared and paid the annual cash dividends on the preferred shares. On the same day,the company issued a 5% stock dividend on common shares. LD Food's stock traded at $7/share after the dividend.
Requirement:
Record the journal entries for the above transactions occurring in 2014.

As of January I,2014,the Equity Section of LD Food Co