2 Check my work 13 On June 13, the board of directors of Siewert Inc. declared a

Question

2 Check my work 13 On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split on its 40 million, $2 par, common shares, to be distributed on July 1. The market price of Siewert common stock was $18 on June 13. Prepare the journal entry to record the stock split if it is not to be effected in the form of a stock dividend. What is the par per share after the split? nts Complete this question by entering your answers in the tabs below. Print Journal Prepare the journal entry to record the stock split if it is not to be effected in the form of a stock dividend. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the stock split. K Prev 13 of 13 Next

Explanation / Answer

1 No journal entry required 2 Par value is $1 per share (2/2)

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