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Gilligan Corporation was established on February 15,2014.Gilligan is authorized to issue 500,000 shares of $6.00 par value common stock.As of December 2016,Gilligan's stockholders' equity accounts report the following balances:
At the end of 2016,Gilligan decides to issue a 5% stock dividend.
At the time of issue,the market price of the stock was $22 per share.
Use the following to answer questions Gilligan Corporation was established on February 15,2014.Gilligan is authorized to issue 500,000 shares of $6.00 par value common stock.As of December 2016,Gilligan's stockholders' equity accounts report the following balances: At the end of 2016,Gilligan decides to issue a 5% stock dividend. At the time of issue,the market price of the stock was $22 per share. -What is the correct journal entry to record this transaction?
-What is the correct journal entry to record this transaction?
Use the following to answer questions Gilligan Corporation was established on February 15,2014.Gilligan is authorized to issue 500,000 shares of $6.00 par value common stock.As of December 2016,Gilligan's stockholders' equity accounts report the following balances: At the end of 2016,Gilligan decides to issue a 5% stock dividend. At the time of issue,the market price of the stock was $22 per share. -What is the correct journal entry to record this transaction? Use the following to answer questions Gilligan Corporation was established on February 15,2014.Gilligan is authorized to issue 500,000 shares of $6.00 par value common stock.As of December 2016,Gilligan's stockholders' equity accounts report the following balances: At the end of 2016,Gilligan decides to issue a 5% stock dividend. At the time of issue,the market price of the stock was $22 per share. -What is the correct journal entry to record this transaction? Use the following to answer questions Gilligan Corporation was established on February 15,2014.Gilligan is authorized to issue 500,000 shares of $6.00 par value common stock.As of December 2016,Gilligan's stockholders' equity accounts report the following balances: At the end of 2016,Gilligan decides to issue a 5% stock dividend. At the time of issue,the market price of the stock was $22 per share. -What is the correct journal entry to record this transaction? Use the following to answer questions Gilligan Corporation was established on February 15,2014.Gilligan is authorized to issue 500,000 shares of $6.00 par value common stock.As of December 2016,Gilligan's stockholders' equity accounts report the following balances: At the end of 2016,Gilligan decides to issue a 5% stock dividend. At the time of issue,the market price of the stock was $22 per share. -What is the correct journal entry to record this transaction?

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