Elias Corporation has 40,000 shares of $10 par value common stock outstanding.Prepare entries in journal form without explanations for the following transactions.(Market value of the stock was $15.00 on December 16 and $15.50 on December 23.)
$\begin{array}{llcc}
\text {Dec. } & \text {16 } & \text { Declared a 15 percent stock dividend. }\
& \text { 23 } & \text {Distributed the stock dividend. }\
& \text {30 } & \text {Declared a 2-for-1 stock split. }\
\end{array}$

Question

Elias Corporation has 40,000 shares of $10 par value common stock outstanding.Prepare entries in journal form without explanations for the following transactions.(Market value of the stock was $15.00 on December 16 and $15.50 on December 23.)
 $\begin{array}{llcc}
 \text {Dec.   } & \text {16  }  & \text { Declared a 15 percent stock dividend. }\
& \text { 23 } & \text {Distributed the stock dividend.  }\
& \text {30  } & \text {Declared a 2-for-1 stock split.  }\
\end{array}$

Quizplus · Accepted Answer

The Answer of Elias Corporation has 40,000 shares of $10 par value common stock outstanding.Prepare entries in journal form without explanations for the following transactions.(Market value of the stock was $15.00 on December 16 and $15.50 on December 23.)
 $\begin{array}{llcc}
 \text {Dec.   } & \text {16  }  & \text { Declared a 15 percent stock dividend. }\
& \text { 23 } & \text {Distributed the stock dividend.  }\
& \text {30  } & \text {Declared a 2-for-1 stock split.  }\
\end{array}$

Elias Corporation Has 40,000 Shares of $10 Par Value Common