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Big ben corporation has 250000 shares of 50 par common

Big Ben Corporation has 250,000 shares of $50 par common stock outstanding. On May 10, Big Ben Corporation declared a 2% stock dividend to be issued August 1 to stockholders of record on June 9. The market price of the stock was $60 per share on May 10.

Journalize the entries required on May 10, June 9, and August 1.

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Financial Accounting: Big ben corporation has 250000 shares of 50 par common

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