Wegmans Grocer currently has 400,000 shares authorized, 300,…
Wegmans Grocer currently has 400,000 shares authorized, 300,000 shares issued 100,000 treasury shares. Wegmans Grocer decides to issue a 10% stock dividend. The par value of the stock is $1 and the market value of the stock $5 per share. What is the journal entry Wegmans Grocer will record?
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