A company originally issued

12,000

shares of

$8

par value common stock at

$9

per share. The board of directors declares a

11%

stock dividend when the market price of the stock is

$11

a share. Which of the following is included in the entry to record the declaration of a stock dividend?

A.Common Stock is credited for

$14,520.

B.Stock Dividends is debited for

$7,260.

C.Common

Stock$8

Par Value is credited for

$13,200.

D.Stock Dividends is debited for

$14,520.