Solved: The market price of the stock was 130 share on june 30, Accounting Basics

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The market price of the stock was 130 share on june 30

Question - Vincent Corporation has 100,000 shares of $100 par common stock outstanding. On June 30, they declared a 5% stock dividend to be issued on July 30 to stockholders of record as of July 15. The market price of the stock was $130/ share on June 30. Journalize the required entries on June 30, July 15 and July 30.

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Accounting Basics: The market price of the stock was 130 share on june 30

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