Vincent Corporation has 91,000 shares of $105 par common stock outstanding. On June 30, Vincent Corporation declared a 4% stock dividend to be issued on July 30 to stockholders of record July 15. The market price of the stock was $116 a share on June 30. If no entry is required, select "No Entry" and leave the amount boxes blank. Journalize the entry required on June 30. If an amount box does not require an entry, leave it blank. June 30 - Select - - Select - - Select - - Select - - Select - - Select - Journalize the entry required on July 15. If an amount box does not require an entry, leave it blank. July 15 - Select - - Select - - Select - - Select - Journalize the entry required on July 30. If an amount box does not require an entry, leave it blank. July 30 - Select - - Select - - Select - - Select -

Vincent Corporation has 91,000 shares of $105 par common stock outstanding. On June 30, Vincent Corporation declared a 4% stock dividend to be issued on July 30 to stockholders of record July 15. The market price of the stock was $116 a share on June 30. If no entry is required, select "No Entry" and leave the amount boxes blank. Journalize the entry required on June 30. If an amount box does not require an entry, leave it blank. June 30 - Select - - Select - - Select - - Select - - Select - - Select - Journalize the entry required on July 15. If an amount box does not require an entry, leave it blank. July 15 - Select - - Select - - Select - - Select - Journalize the entry required on July 30. If an amount box does not require an entry, leave it blank. July 30 - Select - - Select - - Select - - Select -

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter15: Contributed Capital

Section: Chapter Questions

Problem 12RE: Assume that Lily Corporation has outstanding 1,500 shares of 150 par callable preferred stock that...

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