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Sheridan Corporation has 42,500 shares of $10 par value common stock outstanding. It declares
a 15% stock dividend on December 1 when the market price per share is $17 . The dividend
shares are issued on December 31. Prepare the entries for the declaration and issuance of the
stock dividend. (Record journal entries in the order presented in the problem. Credit account
titles are automatically indented when amount is entered. Do not indent manually. If no entry is
required, select "No Entry" for the account titles and enter 0 for the amounts.)

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Sheridan Corporation has 42-500 shares of $10 par value common stock o.pdf

  • 1. Sheridan Corporation has 42,500 shares of $10 par value common stock outstanding. It declares a 15% stock dividend on December 1 when the market price per share is $17 . The dividend shares are issued on December 31. Prepare the entries for the declaration and issuance of the stock dividend. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)