Solar Company has 600,000 shares of $75 par common stock outstanding. On February 13, Solar declared a 3% stock dividend to be issued April 30 to stockholders of record on March 14. The market price of the stock was $90 per share on February 13.
Required: Journalize the entries required on February 13, March 14, and April 30.

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The Answer of Solar Company has 600,000 shares of $75 par common stock outstanding. On February 13, Solar declared a 3% stock dividend to be issued April 30 to stockholders of record on March 14. The market price of the stock was $90 per share on February 13.
Required: Journalize the entries required on February 13, March 14, and April 30.

Solar Company Has 600,000 Shares of $75 Par Common Stock