Calculator Instructions General Journal General Journal Instructions Stock Dividends 1. Prepare journal entries for the declaration and distribution of the 10% common stock dividend. If an amount box does not require an entry leave it blank. 2. Assume Kaufman Company declared a stock dividend of 30% rather than 10%, prepare journal entries for the declaration and distribution of the 30% common stock dividend. If an amount box does not require an entry, leave it blank. Kaufman Company currently has 210,000 shares of $1 par common stock outstanding. On March 15, a 10% stock dividend was declared to shareholders of record on April 2, distributable on April 14. Market value of the common stock was estimated at $9 per share