1. Business
  2. Accounting
  3. q4 jennings corp has 1000000 shares of s1 par value...

Question: q4 jennings corp has 1000000 shares of s1 par value...

Question details

Q-4 Jennings Corp. has 1,000,000 shares of S1 par value stock authorized, 200,000 shares issued, and 150,000 shares outstanding. On June 1, 2010, Jennings Board of Directors declared a 10% stock dividend at a time that the stock carried a market value of S30. Prepare the journal entry required to record the transaction described above and then post it to the related T-accounts: Compute the number of shares outstanding after the June 1 2010 stock dividend. Jennings Corp. announced a 100% stock dividend on June 1, 2011 Prepare the journal entry required to record the transaction described above and then post it to the related T-accounts: Compute the number of shares outstanding after the June 1, 2011 stock dividend. Jennings Corp. announced a 2 for 1 stock split on June 1, 2012 Prepare the journal entry required to record the transaction described above and then post it to the related T-accounts:
Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution