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.)
Dec. $\quad $16 $\quad $Declared a 15 percent stock dividend
$\quad $ $\quad $23 $\quad $Distributed the stock dividend.
$\quad $ $\quad $30 $\quad $ Declared a 2 -for-1 stock split.

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.)
 Dec.  $\quad $16  $\quad $Declared a 15 percent stock dividend
 $\quad $ $\quad $23  $\quad $Distributed the stock dividend.
 $\quad $ $\quad $30 $\quad $ Declared a 2 -for-1 stock split.

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.)
 Dec.  $\quad $16  $\quad $Declared a 15 percent stock dividend
 $\quad $ $\quad $23  $\quad $Distributed the stock dividend.
 $\quad $ $\quad $30 $\quad $ Declared a 2 -for-1 stock split.

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

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