The Halcyon Company has 30, ()()() shares of its $1 par value common stock outstanding. Record in journal form the following transactions as they relate to the company's common stock:

July 17 Declared a 10 percent stock dividend on common stock to be distributed on August 10 to stockholders of record on July 31 . Market value of the stock was

$5 per share on this date.

3 1 Record date. '

Aug. 10 Distributed the stock dividend declared on July 17.

Sept. 1 Declared a $.50 per share cash dividend on common stock to be paid on September 16 to stockholders of record on September 10. L01