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Journalize the issuance of a stock dividend

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Question - Journalize the issuance of a stock dividend that was 5% of 500,000 common shares outstanding and par value was $2 and selling price was $20

Prepare the journal entry in a job order cost system, when made a $1,000 sale on account. Cost was $400.

Prepare the journal entry for a 2:1 stock split when there were 100,000 common shares outstanding, par value is $2 per share and selling price is $20 per share.

Calculate manufacturing overhead total based on the following:

Direct material = 100

Indirect material = 29

Assembly line workers = 1000

Factory supervisor = 500

Office rent = 400

Factory Taxes = 3000

Reference no: EM132797115

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