Mustang corporation had 100,000 shares of $2 par value common stock outstanding. on december 31, 2018, the company's board of directors declares a 20 percent stock dividend. this stock dividend will be distributed on january 20, 2019 to the stockholders of record on january 15, 2019. the market price of the company's stock is $10 per share on december 31, 2018. complete the necessary journal entry to record the declaration of the stock dividend by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.

                                                                            Debit               Credit

Cash 100,000 x $2                                           $ 200,000

Common Stock (100,000 x $ 10)                                             $ 1,000,000

Paid Up Capital Exceeds the Value Set (100,000 x $ 10)      $ 1,000,000

Shares are securities or books which are a sign of ownership or equity participation in a company.

Stocks usually take the form of a piece of paper as proof. Shares can be obtained from the company concerned directly or from previous parties through the stock exchange (stock market).

The book value of shares is the value of shares according to the company's books. The book value of the shares is obtained from the value of the remaining assets after deducting the company's liability if the shares are distributed. The book value shows the guarantee or how big the function of shares owned by investors. Some values related to book values include:

If you buy shares, you can get cash in two ways, namely:

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Common Stock

Values of Shares

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Class: College

Subject: Business

Keyword: Stock, Journal, Debt-Credit

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answer; interviews;