Stonehenge Corporation has300,000 shares of $40 par common stock outstanding. OnFebruary 13, Stonehenge Corporation declared a 3% stock dividend tobe issued April 30 to stockholders of record on March 14. The market price of the stocks was $63 per share on February13.
Journalize the entries required on February 13, March 14, and April 30.
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Date
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Account Name
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Debit
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Credit
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2/13
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3/14
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4/30
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