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Vincent Corp. has 100,000 share of $100 par common stock outstanding. On June 30, Vincent Corp declared a 5% stock dividend to be issued July 30 to stockholders of record July 15. The market price of the stock was $132 a share on June 30. JOURNALIZE the entries required on JUNE 30, JULY 15, & JULY 30.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9980299

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