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Prepare any necessary journal entries for alliance ltd

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Reference no: EM132950992

Alliance Ltd. is a textbook publisher. It has 85,000 common shares issued and outstanding. On August 1, 2021, the organization declared a 36% stock dividend to all shareholders on record on August 20, 2021 to be distributed on September 1, 2021.

Required

Problem 1: For each date, prepare any necessary journal entries, if required. The market price on the date of declaration was $30 per share.

Reference no: EM132950992

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