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Journalize the entries required on feb 15 and march 27

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Olde Wine Corporation has 271,000 shares of $30 par common stock outstanding. On Feb. 15, Olde Wine Corporation declared a 3% stock dividend to be issued May 2 to stockholders of record on March 27. The market price of the stock was $49 per share on Feb. 15

Journalize the entries required on Feb.15, March 27 and May 2. If no entry is required, simply skip to the next transaction.

Reference no: EM132379413

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