Stock Dividends and Share Split-Journal Entries
Eagle Corporation Has 250,000

question 104

Essay

Stock dividends and share split-journal entries
Eagle Corporation has 250,000 shares at $6 par value outstanding. Prepare journal entries in the space provided to record the following transactions during the current year:
$$\begin{array} { | l | l | } \hline \text { Feb 10 } & \text { Declared a 25\% stock dividend Market price per share was } \$ 22 \\\hline \text { Mar. 15 } & \text { Issued the shares for the stock dividend declared on February 10. } \\\hline \text { June 30 } & \text { Distributed additional shares in a 2-for-1 share split Market price per share was } \$ 40 \\\hline & \text { irmmediately before the share split } \\\hline \text { Oct. 17 } & \text { Declared a 10\%/ stock dividend. Market rice per share was } \$ 24 \\\hline\end{array}$$

---

Definitions:

Gonads

The primary reproductive organs that produce gametes; ovaries in females and testes in males, also responsible for producing sex hormones.

Pituitary Hormones

Hormones released by the pituitary gland, which regulate various bodily functions and processes including growth, metabolism, and reproduction.

Sex Hormones

Chemical substances produced by the body that regulate the development and functioning of reproductive organs and secondary sexual characteristics.

Low-income Households

Households with total income below a certain threshold defined by national statistics, often associated with insufficient resources to meet basic living expenses.