8. -10. The stockholders' equity section of Carey Co.'s balance sheet at December 31, 2010, was as follows:

Common stock--$10 par (authorized 1,000,000 shares,

issued 610,000 shares and outstanding 600,000 shares) $ 6,000,000

Paid-in capital in excess of par 1,500,000

Treasury stocks (10,000 shares, cost $12 per share) (120,000)

Retained earnings 3,250,000

$10,630,000

Instructions

Make necessary entries for the following transactions.

Oct. 1, 2D11 declared 20% stock dividend when the market was $13 per share and the par value was $10.

Dec 31, 2011, Issued the stock dividend declared on October 1.