Answers
Solution:
| Date | Accounts Title and explanation | Debit | Credit |
| 1 | Stock Dividend Dr (50,000*100% *$30) | $15,00,000 | |
| To Common Stock Dividend Distributable | $15,00,000 | ||
| 2 | Common Stock Dividend Distributable Dr | $15,00,000 | |
| To Common Stock | $15,00,000 |
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