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bungy dive inc has 80,000 shares of $35 par common stock outstanding. on June 8, bungy declared a 5% stock dividend to be issued august

bungy dive inc has 80,000 shares of $35 par common stock outstanding. on June 8, bungy declared a 5% stock dividend to be issued august 12 to stockholders of record on july 12. the market price of the stock was $63 per share on June 8.

journalize the entries required on june 8, july 13, august 12

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