ACC - Week 5 Problem Ex 13-41

The capital accounts for Alston Market on June 30, 2015 are as follows:
Common Stock, $6 par, 50,000 shares issued and outstanding…………………..$300,000
Paid-in Capital in excess of par……………………………………………………………………..600,000
Retained earnings……………………………………………………………………………………...1,840,000
Shares of the company’s stock are selling at this time at $44. What entries would you make in each of the following cases?
(a) A 10% stock dividend is declared and issued.
(b) A 50% stock dividend is declared and issued.
(c) © A 2-for-1 stock split is declared and issued.