Accounting for treasury stock used in stock dividend

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» Accounting for treasury stock used in stock dividend

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Feb 6, 2007, 09:08 AM

sidjes

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Join Date: Feb 2007

Posts: 1

Accounting for treasury stock used in stock dividend

How do I account for treasury stock use in a stock dividend for preferred stock?
What would the journal entry by?
I don't beleive I should debit retained earnings for this transaction, but I'm not sure what account to debit.
Please Help

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