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Homework answers / question archive / Bradford Company reported stockholders equity on December 31 of the prior year as follows: Common stock $10 par value, 1

Bradford Company reported stockholders equity on December 31 of the prior year as follows: Common stock $10 par value, 1

Accounting

Bradford Company reported stockholders equity on December 31 of the prior year as follows: Common stock $10 par value, 1.000.000 shares authored 400.000 shares issue $4,000,000 paid-in capital in excess of par, common stock 1.500.000 Retained earnings 3.500.000 Required. Prepare the journal entries for the following selected transactions that occured during the current year A) February 15: The board of directors declared a 5 stock dividend to stockholders of record on March. The stock was selling for $12 per share. B) March 9: Distributed the stock dividend. C) May 1: A cash dividend of 50.50 per share was declared by the board of directors to stockholders of record on May 20, payable junes. D) June 1: Paid the cash dividend. E) August 20: Declared and distributed 4-fort stock splt. For the toolbar, press ALT-F10PC) O ALTFN+F10 (Mac B Tys Paragraph Anal 11! 140X A I. YOQ 2

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