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Ayayai Corp. has 320,000 shares of $10 par value common stock outstanding. It declares a 14% stock dividend on December 1 when the market price

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Ayayai Corp. has 320,000 shares of $10 par value common stock outstanding. It declares a 14% stock dividend on December 1 when the market price per share is $17. The dividend shares are issued on December 31. Prepare the entries for the declaration and distribution of the stock dividend. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Account Titles and Explanation Debit Date Credit e Textbook and Media List of Accounts for at Attempts of used Sun AS

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