Question

Entries for stock Dividends Paris Corporation has 17,000 shares of $20 par common stock outstanding. On August 2, Paris Corporation decored a stock dividend to be issued October totholders of record on September 15. The market price of the stock was so per share on August 2 Journal the r ed on August 2, September 15, and October an amount box does not require an entry leave Mann entry is to select " entry r ed and lewe the amount boxes blank A2 Stad Dede SDF KT-

Answer 1

Answer
Date	Accounts titles and description	Debit	Credit
02-Aug	Stock Dividends(17000*3%*30)	$     15,300
	Stock Dividends Distributable( 17000*3%*20)		$     10,200
	Paid-In Capital in Excess of Par-Common Stock		$       5,100
15-Sep	No entry required	$             -
	No entry required		$             -
08-Oct	Stock Dividends Distributable	$     10,200
	Common Stock		$     10,200