1. On September 1, 2021, Mia Corporation's stockholders' equity section is as follows:

Common stock, $20 par value

$ 1,000,000

Paid-in capital in excess of par

605,000

Retained earnings

400,000

Total stockholders' equity

$2,005,000

On October 1, Mia declares and a 14% stock dividend when the market value of the stock is $35 per share.

October 15, record date

October 20, issue date.

Instructions

Prepared the necessary journal entres for October 1, 15 and 20.