Sprague, Inc., has 10,000,000 shares of $2 par value common stock authorized and 1,500,000 shares issued and outstanding. The stock had a fair market value of $20 per share on November 15, 2010, when the board of directors declared a 5 percent stock dividend to holders of record on November 27, 2010. The new shares were distributed on December 10, 2010. Make the journal entries to record the declaration and distribution of the stock dividend.

How are the par value per share, retained earnings, total shareholders’ equity, and number of shares authorized, issued, and outstanding affected by the stock dividend?

Don't use plagiarized sources. Get Your Custom Essay on
Just from $13/Page
Order Essay

On September 1, 2010, Puriton Telescopes borrowed $100,000 cash at 6 percent on an eight-year installment note. Monthly payments start on October 1, 2010. P

repare an installment loan repayment schedule for the first three months of the note and make the entries for the three months.


Place Order
Grab A 14% Discount on This Paper
Pages (550 words)
Approximate price: -
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Try it now!

Grab A 14% Discount on This Paper

Total price:

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.