A company has 143,000 shares of $5 par value common stock outstanding. The company declares a 30% stock dividend on November 1 when the stock's market value is $61 per share. Prepare the journal entry for declaration of the stock dividend. View transaction list Journal entry worksheet Record the declaration of a 30% stock dividend.

A company has 143,000 shares of $5 par value common stock outstanding. The company declares a 30% stock dividend on November 1 when the stock's market value is $61 per share. Prepare the journal entry for declaration of the stock dividend