Belkin Incorporated has $100,000$ shares of $$3$ par value common stock outstanding. Belkin declares a $40\%$ stock dividend on March $2$ when the stock's market value is $$72$ per share.

Prepare the journal entry for declaration of the stock dividend.

Journal entry worksheet

$1$

Record the declaration of a $40\%$ stock dividend.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$March $02,,,],[,,,],[,,,],[,,,],[,,,]]$

Belkin Incorporated has $100,000$ shares of $$3$ par value common stock outstanding. Belkin declares a $40\%$ stock dividend on March $2$ when the stock's market value is $$72$ per share.

Prepare the journal entry for declaration of the stock dividend.

Journal entry worksheet

$1$

Record the declaration of a $40\%$ stock dividend.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$March $02,,,],[,,,],[,,,],[,,,],[,,,]]$