What entries would you make

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Question - The capital accounts of Thailand Company on June 30, 2018, are as follows:

Ordinary shares, P10 par, 50,000 shares issued and outstanding P500,000

Share Premium 250,000

Retained Earnings 3,135,000

The company's ordinary shares are selling at this time at P20.

Required - What entries would you make in each of the following cases?

a. A 10% stock dividend is declared and issued.

b. A 30% stock dividend is declared and issued.

Reference no: EM133110007

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