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Prepare the journal entries required on the declaration

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Problem 1: Assume that Atkinson Corporation has 1,500,000 shares of $5 par value common stock issued and outstanding. The company is authorized to issue 10 million shares. Due to increased share? prices, the corporation decided to implement a? 2-for-1 stock split. Prepare the journal entries required on the declaration and distribution of the stock split. ?(Record debits? first, then credits. Exclude explanations from any journal entries. If no entry is? required, select? "No Entry? Required" on the first line of the Account column and leave all other cells? blank.)

Account choices for JE
Additional Paid-in Capital from Treasury Stock Transactions
Additional Paid-in Capital in Excess of Par - Common
Cash
Cash Dividends Payable
Common Stock - Par
Dividends - Common Stock
Miscellaneous Expense
Treasury Stock

Reference no: EM132958063

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