Alpine Energy Corporation has 242,000 shares of $30 par common stock outstanding. On August 2, Alpine Energy declared a 2% stock dividend to be issued October 8 to stockholders of record on September 15. The market price of the stock was $55 per share on August 2. Journalize the entries required on August 2, September 15, and October 8. If no entry is required, simply skip to the next transaction.

PAGE 10

JOURNAL

ACCOUNTING EQUATION

	DATE	DESCRIPTION	POST. REF.	DEBIT	CREDIT	ASSETS	LIABILITIES	EQUITY
1
2
3
4
5