On December 31, the stockholders\' equity section of the balance sheet of R & B

Question

On December 31, the stockholders' equity section of the balance sheet of R & B Corporation reflected the following Common stock (par $10; authorized 60,000 shares, outstanding 25,000 shares) Additional paid-in capital Retained earnings $250,000 75,000 On February 1 of the following year, a 12 percent stock dividend was issued. The market value of the stock on February 1 was $18 per share. Required: Prepare the journal entry to record (a) the small 12 percent stock dividend and, alternatively, (b) the large 100 percent stock dividend. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) view transaction list view general journal Journal Entry Worksheet Record the issue of a 12 percent stock dividend on the 25,000 shares of stock outstanding with a market value of $18 per share.

Explanation / Answer

On December 31, the stockholders' equity section of the balance sheet of R & B

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