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asap plz will give thumbs up On January 1, Marigold Corporation had 86000 shares of $10 par value common stock outstanding. On June 17 ,

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On January 1, Marigold Corporation had 86000 shares of $10 par value common stock outstanding. On June 17 , the company declared a 10% stock dividend to stockholders of record on June 20. Market value of the stock was $14 on June 17 . The stock was distributed on June 30 . The entry to record the transaction of June 30 would include a debit to Stock Dividends for $34400. credit to Paid-in Capital in Excess of Par for $34400. debit to Common Stock Dividends Distributable for $120400. credit to Common Stock for $86000

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