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Carpenter Schools, Inc. is authorized to issue 500,000 shares of $2 par common stock. The company ...

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Carpenter Schools, Inc. is authorized to issue 500,000 shares of $2 par common stock. The company ...

Carpenter Schools, Inc. is authorized to issue 500,000 shares of $2 par common stock. The company issued 106,000 shares at $6 per share. When the market price of common stock was $10 per share, Carpenter declared and distributed a 10% stock dividend. Later, Carpenter declared and paid a $0.10 per share cash dividend.

Prepare the journal entries to record these transactions. Explanations are not required.

Textbook

Horngren's Accounting

Edition: 11^th

Authors: Miller-Nobles, Mattison, Matsumura

Read 39 times

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More solutions for this book are available here

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samilee Author

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Oh god, I was lost before coming here. Thanksss

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hiitssky

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Great, make sure you mark the topic solved, it hides it from other eyes Slight Smile

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