$17,18$

Falcon Mercantile Inc. has $267,000$ shares of $$4$ par value common stock outstanding. On December $1,$ the board of directors declared an $8\%$ stock dividend. Falcon Mercantile's stock is actively trading in the stock market at $$36$ per share. The shares were issued on December $31$ to the stockholders of record on Dec $8.$

$2324$

Instructions

Prepare the necessary entries. Memos are not required. Round to the nearest dollar.

Be sure to use proper form for journal entries by using spaces to show your debits and credits.