Solution-Prepare the entries for each of these transactions

Prepare the entries for each of these transactions

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Reference no: EM132814538

Question - Gloria has 800,000 shares of $1 par value common stock outstanding. The following transactions occurred during the year:

a. During April, Gloria declared a 5% stock dividend when the market price of the stock was $100 per share.

b. During May, Gloria distributed the stock dividend.

c. During June, Gloria declared a $0.75 per share cash dividend.

d. During July, Gloria paid the cash dividend.

Required - Prepare the entries for each of these transactions.

Reference no: EM132814538

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Prepare the entries for each of these transactions

Reference no: EM132814538

Reference no: EM132814538

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