Golf Galaxy manufactures golf equlpment and apparel. On July 31, Golf Galaxy's board of directors declares a stock dividend on Its 20,000, $11 par, common shares. The market price of the common stock...

Journal Entry Worksheet:
1, Record the stock dividend assuming a small (10%) stock dividend.
2, Record the stock dividend assuming a large (100%) stock dividend.
3, Record the stock dividend assuming a 2-for-1 stock split.

Extracted text: Golf Galaxy manufactures golf equlpment and apparel. On July 31, Golf Galaxy's board of directors declares a stock dividend on Its 20,000, $11 par, common shares. The market price of the common stock is $40 on July 31. Requlred: 1. 2. & 3. Record the necessary Journal entries assuming a small (10%) stock dividend, a large (100%) stock dividend, and a 2-for-1 stock split. (If no entry Is required for a particular transactlon/event, select "No Journal Entry Requlred" In the first account fleld.) View transaction list Journal entry worksheet 1 2 3 Record the stock dividend assuming a small (10%) stock dividend. Note: Enter debits before credits. Date General Journal Debit Credit July 31