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Aggregate Mining Corporation was incorporated five years ago. It is authorized to leave 600,000 shares of $100 par value 8% preferred stock. It is also

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Aggregate Mining Corporation was incorporated five years ago. It is authorized to leave 600,000 shares of $100 par value 8% preferred stock. It is also authonzed to issue 800,000 shares of SL par value common stock. It has issued only 50,000 of the common shares and none of the preferred shares in its sixth year, the corporation has the following transactions Mar 1 Declares a cash dividend of $3 per share. Mar 30 Pays the cash dividend Jul. 10 Declares a 5% stock dividend when the stock is trading at $20 per share Issues the stock dividend. Aug 5 Prepare the journal entries to record the transactions. If an amount box does not require an entry, leave it blank

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