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:

Self-Regulation

The ability to manage and adjust one's behavior, emotions, or thoughts towards achieving personal goals.

Radical Behaviorism

A philosophy of the science of behavior emphasizing the study of observable behavior and the role of the environment as a determinant of behavior.

Motivates

The underlying drives, desires, or needs that propel individuals to act in certain ways or pursue particular goals.

Radical Behaviorism

An approach to psychology that treats observable behavior as the primary subject matter of psychology and emphasizes the environment's role in shaping behavior through reinforcement.