30 of 48 -12 III M View Policies Current Attempt in Progress On January 1, Sheridan Corporation had 74000 shares of $10 par value common stock outstanding. On June 17, the company declared a 10% stock dividend to stockholders of record on June 20. Market value of the stock was $15 on June 17. The entry to record the transaction of June 17 would include a credit to Common Stock Dividends Distributable for $37000. debit to Stock Dividends for $111000. credit to Cash for $111000. credit to Common Stock Dividends Distributable for $111000. Save for Later