On january 1 2014 lanie corporation had 1086000 of common

Reference no: EM13608977

On January 1, 2014, Lanie Corporation had $1,086,000 of common stock outstanding that was issued at par. It also had retained earnings of $741,200. The company issued 43,800 shares of common stock at par on July 1 and earned net income of $393,700 for the year. Journalize the declaration of a 14% stock dividend on December 10, 2014, for the following independent assumptions.

Reference no: EM13608977

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