180. Marcos Company, which had 35,000 shares of common stock outstanding, declared a 4-for-1 stock split.Required: (1) What will be the number of shares outstanding after the split? (2) If the common stock had a market price of $280 per share before the stock split, what would be an approximate market price per share after the split? 181. Selected transactions completed by Breezeway Construction during the current fiscal year are as follows: February 3 Split the common stock 2 for 1 and reduced the par from $40 to $20 per share. After the split there were 250,000 common shares outstanding. April 10 Declared semiannual dividends of $1.50 on 18,000 shares of preferred stock and $0.08 on the common stock to stockholders of record on May 10, payable on June 9. June 9 Paid the cash dividends. October 10 Declared semiannual dividends of $1.50 on the preferred stock and $0.04 on the common stock (before the stock dividend). In addition, a 2% common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $36. December 9 Paid the cash dividends and issued the certificates for the common stock dividend. Required:Journalize the transactions.

180. Marcos Company, which had 35,000 shares of common stock outstanding, declared a 4-for-1 stock split.Required: (1) What will be the number of shares outstanding after the split? (2)...

180. Marcos Company, which had 35,000 shares of common stock outstanding, declared a 4-for-1 stock split.
Required:

(1)	What will be the number of shares outstanding after the split?
(2)	If the common stock had a market price of $280 per share before the stock split, what would be an approximate market price per share after the split?

181. Selected transactions completed by Breezeway Construction during the current fiscal year are as follows:

February 3	Split the common stock 2 for 1 and reduced the par from $40 to $20 per share. After the split there were 250,000 common shares outstanding.
April 10	Declared semiannual dividends of $1.50 on 18,000 shares of preferred stock and $0.08 on the common stock to stockholders of record on May 10, payable on June 9.
June 9	Paid the cash dividends.
October 10	Declared semiannual dividends of $1.50 on the preferred stock and $0.04 on the common stock (before the stock dividend). In addition, a 2% common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $36.
December 9	Paid the cash dividends and issued the certificates for the common stock dividend.

Required:
Journalize the transactions.

May 15, 2022