On January 1, 2016, Alpha Corporation had 250,000 shares of common stock outstanding with a par value of $4 per share. On March 31, Alpha Corporation authorized a 10% stock dividend
On January 1, 2016, Alpha Corporation had 250,000 shares of common stock outstanding with a par value of
$4 per share. On March 31, Alpha Corporation authorized a 10% stock dividend when the market value was $9 per share. Use this information to prepare the General Journal entry (without explanation) for March 31. If no entry is required then write “No Entry Required.”
Can you please explain it? My answers are not balancing out-
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