Question

Show Me How Calculator Entries for Stock Dividends Alpine Energy Corporation has 1,500,000 shares of $10 par common stock outstanding on August 2. Aline Energy declared a 5% stock dividend to be issued October 8 to stockholders of record on September 15. The market price of the stock was $60 per share on August 2 Journalize the entries required on August 2, September 15, and October 8. If no entry is required select 'No Entry Required and leave the amount boxes blank. If an amount box does not require an entry, leave it blank A 2 Stock Dividends Stock Dividends Distributable Paid-In Capital in Excess of Par Common Stock Sept 15 No Entry Required No Entry Required Stock Dividends Distributie Common Stock ✓ Wind receive the dividends? What will the stod halter

Answer 1

Journal entry

Aug 2	Stock dividend	4500000
	Stock dividend distributable		750000
	Paid in capital in excess of par value-Common Stock		3750000
Sep 15	No entry required	0
	No entry required		0
Oct 8	Stock dividend distributable	750000
	Common Stock		750000