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Category > Accounting Posted 20 Aug 2017 My Price 3.00

Olde Wine Corporation

PE 11-4A  Entries for stock dividends                                                                ObJ.  3

Olde Wine Corporation has 250,000 shares of $40 par common stock outstanding. On February 15, Olde Wine Corporation declared a 2% stock dividend to be issued May 2 to stockholders of record on March 27. The market price of the stock was $52 per share on February 15.

Journalize the entries required on February 15, March 27, and May 2.

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Maurice Tutor
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Status NEW Posted 20 Aug 2017 07:08 PM My Price 3.00

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