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Stonehenge Corporation has300,000 shares of $40 par common stock outstanding. OnFebruary 13, Stonehenge Corporation declared a 3% stock dividend tobe issued April 30 to stockholders of record on March 14. The market price of the stocks was $63 per share on February13.
Journalize the entries required on February 13, March 14, and April 30.
Date
Account Name
Debit
Credit
2/13
3/14
4/30
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