common stock of Warner Inc

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   The common stock of Warner Inc. is currently selling at $117 per share. The directors wish to reduce the share price and increase share volume prior to a new issue. The per share par value is $8; book value is $73 per share. 6.01 million shares are issued and outstanding.


Prepare the necessary journal entries assuming the following

 

(a)

 

The board votes a 2-for-1 stock split.

 

(b)

 

 

The board votes a 100% stock dividend.

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    common stock of Warner Inc - stock split and stock dividends
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