The capital accounts for Alston Market on June 30, 2011, 1 answer below »

The capital accounts for Alston Market on June 30, 2011, are as follows:
Common stock, $6 par, 50,000 shares issued and outstanding . . . . . . . . . . . . $ 300,000
Paid-in capital in excess of par . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 600,000
Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,840,000
Shares of the company’s stock are selling at this time at $44. What entries would you make in each of the following cases?
(a) A 10% stock dividend is declared and issued.
(b) A 50% stock dividend is declared and issued.
(c) A 2-for-1 stock split is declared and issued.

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