On December 1, 2013, Arbor Company had 20,000 shares of $1 par value common stock issued and outstanding. The next day they distributed a 50% stock dividend. The market value of the stock on that date was $9 per share. Please provide the journal entry for the transaction.
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Question

On December 1, 2013, Arbor Company had 20,000 shares of $1 par value common stock issued and outstanding. The next day they distributed a 50% stock dividend. The market value of the stock on that date was $9 per share. Please provide the journal entry for the transaction.
 $$\begin{array} { | l | l | l | } 
\hline \quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad&\quad\quad\quad\quad &\quad\quad\quad \
\hline & & \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of On December 1, 2013, Arbor Company had 20,000 shares of $1 par value common stock issued and outstanding. The next day they distributed a 50% stock dividend. The market value of the stock on that date was $9 per share. Please provide the journal entry for the transaction.
 $$\begin{array} { | l | l | l | } 
\hline \quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad&\quad\quad\quad\quad &\quad\quad\quad \
\hline & & \
\hline
\end{array}$$

On December 1, 2013, Arbor Company Had 20,000 Shares of $1