Stonehenge Corporation has 300,000 shares of ($ 40) par common stock outstanding. On February 13, Stonehenge Corporation

Question:

Stonehenge Corporation has 300,000 shares of $\$ 40$ par common stock outstanding. On February 13, Stonehenge Corporation declared a $3 \%$ stock dividend to be issued April 30 to stockholders of record on March 14. The market price of the stock was $\$ 63$ per share on February 13.

Journalize the entries required on February 13, March 14, and April 30.

objs. 2, 3, 4, 6

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