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A company originally issued 11,000 shares of $9 par value common stock at $14 per share. The board of directors declares a 13% stock dividend

A company originally issued 11,000 shares of $9 par value common stock at $14 per share. The board of directors declares a 13% stock dividend when the market price of the stock is $24 a share. Prepare the journal entry to record the declaration of the stock dividend. Omit explanations.

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