Business, 19.03.2020 02:35 meababy2009ow9ewa

On January 1, Piccolo Company had a balance of $480,000 in its Common Stock account ($10 par value). On April 1, the company issued an additional 2,000 shares of common stock. On July 1, Piccolo Company declared a 10% stock dividend. Then on October 1, the company announced a 2-for-1 stock split. On December 1, the company then declared a $.50 per share cash dividend. How much will be debited to Cash Dividends account to reflect the December 1 dividend declaration

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On January 1, Piccolo Company had a balance of $480,000 in its Common Stock account ($10 par value)....

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