(Answered) 1 spectrum corporation has 600000 shares of 75 par common

Accounting

1. Spectrum Corporation has 600,000 shares of $75 par common stock outstanding. On February 13, Spectrum Corporation declared a 4% stock dividend to be issued April 30 to stockholders of record on March 14. The market price of the stock was $90 per share on February 13.

Journalize the entries required on February 13, March 14, and April 30.

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