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Chetola Corporation has 120,000 shares of $5 par value common stock outstanding It declared a 15% stock dividend on June 1 when the market price

Chetola Corporation has 120,000 shares of $5 par value common stock outstanding It declared a 15% stock dividend on June 1 when the market price per share was $13. The shares were issued on June 30, Required: Prepare the necessary journal entries to record the declaration and distribution of stock dividend For the toolbar, press ALT+F10 (PC) or ALT-FN+F10 (Mac)

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