Entries for stock dividends Obj. 3 Alpine Energy Corporation has 1,500,000 shares of $10 par common stock outstanding. On August 2, Alpine Energy declared a 5% stock dividend to be issued October 8 to stockholders of record on September 15. The market price of the stock was $60 per share on August 2.

Journalize the entries required on August 2, September 15, and October 8.

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