Prepare the following stock dividend journal entries for Tamera, Inc.
Definitions:
Promissory Note
A financial instrument that contains a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.
Negotiable
Able to be transferred or endorsed to another party in exchange for money or as part of a contractual agreement.
Medium of Exchange
An intermediary instrument used to facilitate the sale, purchase, or trade of goods and services between parties.
Negotiable
Capable of being discussed in order to reach an agreement or capable of being transferred by endorsement or delivery.
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