Pro-Builders Corporation has 242,000 shares of $30 par common stock outstanding. On September 2, Pro-Builders Corporation declared a 2% stock dividend to be issued November 30 to stockholders of record on October 3. The market price of the stock was $55 per share on September 2. Journalisms the entries required on September 2, October 3, and November 30. If no entry is required, simply skip to the the next transaction. Refer to the Chart of Accounts for exact wording of account titles

Pro-Builders Corporation has 242,000 shares of $30 par common stock outstanding. On September 2, Pro-Builders Corporation declared a 2% stock dividend to be issued November 30 to stockholders of record on October 3. The market price of the stock was $55 per share on September 2. Journalisms the entries required on September 2, October 3, and November 30. If no entry is required, simply skip to the the next transaction. Refer to the Chart of Accounts for exact wording of account titles

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 6EB: Spring Company is authorized to issue 500,000 shares of $2 par value common stock. In its first...

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