Journalize the Following Selected Transactions Completed During the Current Fiscal

question 81

Essay

Journalize the following selected transactions completed during the current fiscal year:Mar. 24The board of directors of New Town, Inc. declared a stock split that reduced the par of common shares from $100 to $20. This action increased the number of outstanding shares to 500,000.​​26Declared a dividend of $1.75 per share on the outstanding shares of common stock.​​Apr. 5Paid the dividend declared on March 26.​​Nov. 1Declared a 5% stock dividend on the common stock outstanding
(the fair market value of the stock to be issued is $25).​​Dec. 1Issued the certificates for the common stock dividend declared on November 1.

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Definitions:

Wrestler

An athlete who participates in wrestling, a sport involving grappling techniques, throws, and holds to overcome an opponent.

Anorexia Nervosa

A condition marked by extreme fear of weight gain and a warped perception of one’s body, resulting in deliberate starvation.

High Achievers

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Describes the behavior of girls or young women who adhere strictly to the expectations, demands, or wishes of their parents or guardians, often at the cost of their own desires or autonomy.