2 entries

The sharehoiders' equity of Core Technologies Company on June 30,2023 , included the following: On April 1, 2024, the board of directors of Core Technologies declared a 10% stock dividend on common shares, to be distributed on June 1. The market price of Core Technologies' common stock was $30 on April 1, 2024, and $40 on June 1, 2024. Required: Prepare the journal entries to record the declaration and distribution of the stock dividend, Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field