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    Redd0704's Avatar
    Redd0704 Posts: 3, Reputation: 1
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    Mar 20, 2011, 08:30 AM
    Journalize the following selected transactions completed during the current fiscal ye
    Journalize the following selected transactions completed during the current fiscal year:


    Jan. 3 The board of directors reduced the par of common shares from $100 to $20. This action increased the number of outstanding shares to 400,000.

    22 Declared a dividend of $2.00 per share on the outstanding shares of common stock.

    Feb. 8 Paid the dividend declared on January 22.

    Sep. 1 Declared a 5% stock dividend on the common stock outstanding (the fair market value of the stock to be issued is $30).

    Oct. 1 Issued the certificates for the common stock dividend declared on September 1.
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    kcomissiong Posts: 1,166, Reputation: 276
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    Mar 21, 2011, 04:56 AM
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    At least attempt the assignment. We can help, but will not do the work for you.
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