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Journalize the entries required on July

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Problem - Entries for stock dividends

U-Store Corporation has 250,000 shares of $15 par common stock outstanding. On July 20, U-Store Corporation declared a 3% stock dividend to be issued September 18 to stockholders of record on August 19. The market price of the stock was $54 per share on July 20. Journalize the entries required on July 20, August 19, and September 18.

Reference no: EM132683253

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