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Journalize the declaration of a stock dividend

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Question - On January 1, 2022, Wildhorse Corporation had $1,245,000 of common stock outstanding that was issued at par. It also had retained earnings of $745,000. The company issued 37,000 shares of common stock at par on July 1 and earned net income of $410,000 for the year.

Journalize the declaration of a 15% stock dividend on December 10, 2022, for the following independent assumptions.

Reference no: EM133132730

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