[rosco123]

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 $1.00 per share on the outstanding shares of common stock.
Feb. 8 Paid the dividend declared on January 22.
Sep. 1 Declared a 2% stock dividend on the common stock outstanding (the fair market value of the stock to be issued is $60).
Oct. 1 Issued the certificates for the common stock dividend declared on September 1.

[Clough]

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 $1.00 per share on the outstanding shares of common stock.
Feb. 8 Paid the dividend declared on January 22.
Sep. 1 Declared a 2% stock dividend on the common stock outstanding (the fair market value of the stock to be issued is $60).
Oct. 1 Issued the certificates for the common stock dividend declared on September 1.

Hi, rosco123!

Are you looking for direct answers to this? Or, for someone to come along and teach you how to come up with the correct answers yourself?

If the former is true, please click on the following link to read the announcement there.

https://www.askmehelpdesk.com/financ...-b-u-font.html

Thanks!