415,200 shares of $9 par value common stock. The corporation declares a 10% Green Day Corporation has outstanding stock dividend when the fair value of the stock is $68 per share. Prepare the journal entries for Green Day Corporation for both the date of declaration and the date of distribution. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Debit Account Titles and Explanation Credit Declaration Date. Retained Earnings 373,680 2,823,360 Common Stock Dividen T T Paid-in Capital in Excess o Distribution Date. 2,823,360 Common Stock Dividend D 2,823,360 Common Stock