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On june 30, the bonds of directors of sandals, Inc., declares a 100% stock dividend on its 22000, $1 par, common shares. The market price of sandals common stock is $27 on june 30. Record the stock d
On june 30, the bonds of directors of sandals, Inc., declares a 100% stock dividend on its 22000, $1 par, common shares. The market price of sandals common stock is $27 on june 30. Record the stock dividend. (If the no entry is required for a transaction/event, select “No journal entry required” in the first account field.)
Stock dividend22000
Par common share 1
Standals common stock27
100%
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******** :220001220200001200TransactionGeneral ************************ dividends22000Common **********
