Big Ben Corporation has 250,000 shares of ($ 50) par common stock outstanding. On May 10, Big

Question:

Big Ben Corporation has 250,000 shares of $\$ 50$ par common stock outstanding. On May 10, Big Ben Corporation declared a $2 \%$ stock dividend to be issued August 1 to stockholders of record on June 9. The market price of the stock was $\$ 60$ per share on May 10.

Journalize the entries required on May 10, June 9, and August 1.

objs. 2, 3, 4, 6

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