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Journalize the entries required on february

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Problem 1: Old Wine Corporation has 250,000 shares of common stock outstanding. On February 15, Old Wine Corp. declared a 2% stock dividend to be issued May 2 to stockholders of record on March 27. The market price of the stock was P52 per share on February 15. Journalize the entries required on February 15, March 27, and May 2.

Reference no: EM132906835

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