Wallendo Corporation issued 5,000 shares of its $1 par value common stock as a stock dividend when the shares were selling for $

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3 years ago

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Wallendo Corporation issued 5,000 shares of its $1 par value common stock as a stock dividend when the shares were selling for $

10 per share. At the time of the dividend, Wallendo had 100,000 shares of common stock $5,000. $100,000. $50,000. $105,000. outstanding. These shares were originally issued for $5 per share. The entry to record the stock dividend includes a debit to Retained Earnings for:

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