For Each of the Following Independent Transactions a Through D,prepare

question 188

Essay

For each of the following independent transactions a through d,prepare the necessary journal entry:
(a)Declared a $0.40 per share cash dividend on 300,000 shares of preferred stock outstanding.
(b)Declared and distributed an 8% stock dividend on 800,000 shares of $5 par value common stock outstanding.Market price per common share on this date was $25.
(c)Declared and distributed a 2-for-1 stock split on 400,000 shares of $10 par value common stock outstanding.
(d)Declared and distributed a 35% stock dividend on 700,000 common shares of $1 par value common stock outstanding.Market price per common share on this date was $20.

---

Definitions:

Bloodstream

The flowing blood within the circulatory system of the body, carrying oxygen and nutrients to cells and removing waste products.

Glial Cells

Non-neuronal cells in the brain and central nervous system that support, protect, and provide a support framework for neurons.

Myelin

A fatty substance that surrounds nerve fibers, providing insulation and speeding the transmission of nerve impulses.

Neurons

Specialized cells of the nervous system responsible for transmitting information throughout the body via electrical and chemical signals.