ch14 \ Accounting

[TURKI ALharbi]

المشاركة الأصلية كتبت بواسطة coOola جيتكم بـ السؤال الثاني : on Oct. 10 , the board of directors of some corporation declared a 5% stock dividend. on Oct.10 they had 10000 shares of 1$ par common stock issued with a maket value of 15$ per share . the stock dividend will be distributed on oct. 31, to shareholders of record on oct. 25 journalize the entries needed on the declaration & distributed datas

Retained earnings 7500 طبعا Dr
500 Common stock dividends distributable طبعا Cr
additional paid-in capital 7000 طبعا Cr