The stockholders' equity accounts of Bonita Company have the following balances on December 31, 2025.
Common stock, $10 par, 297,000 shares issued and outstanding $2,970,000
Paid-in capital in excess of par-common stock 1,210,000
Retained earnings 5,730,000
Shares of Bonita Company stock are currently selling on the Midwest Stock Exchange at $39.
Prepare the appropriate journal entries for each of the following cases. (List all debit entries before credit entries. Credit account
titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No
Entry" for the account titles and enter O for the amount in the relevant debit OR credit box. Entering zero in ALL boxes will
result in the question being marked incorrect.)
a. A stock dividend of 5% is (1) declared and (2) issued.
b. A stock dividend of 100% is (1) declared and (2) issued.
C. A 2-for-1 stock split is (1) declared and (2) issued.
No. Account Titles and Explanation Debit Credit
a. (1)