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Willand corporation has 46800 shares of 10 par value common

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Willand Corporation has 46,800 shares of $10 par value common stock outstanding. It declares a 10% stock dividend on December 1 when the market value per share is $19. The dividend shares are issued on December 31. Prepare the entries for the declaration and payment of the stock dividend. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Reference no: EM13600900

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