Posted by Ant on .
Solar Company has 600,000 shares of $75 par common stock outstanding. On February 13, Solar declared a 3% stock dividend to be issued April 30 to stockholders of record on March 14. The market price of the stock was $90 per share on February 13.
Journalize the entries required on February 13, March 14, and April 30. For a compound transaction, if an amount box does not require an entry, leave it blank or enter "0". If no entry is required, select "No entry required" and leave the amount boxes blank.