A company has $43,000$ shares of $$10$ par value common stock outstanding. The company declares a $10\%$ stock dividend on March $15$ when the stock's market value is $$32$ per share. The stock dividend is distributed on March $30.$

Prepare the journal entry for the $($a$)$ declaration and $($b$)$ distribution of the stock dividend.

Journal entry worksheet

$1$

$2$

Record the declaration of a $10\%$ stock dividend.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$March $15,,,],[,,,],[,,,],[,,,],[,,,]]$