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Distribution of the dividend will be on October 15. a. Prepare the journal entry for the declaration of the stock dividend on September 30. b.

image text in transcribedimage text in transcribed Distribution of the dividend will be on October 15. a. Prepare the journal entry for the declaration of the stock dividend on September 30. b. Prepare the journal entry for the distribution of the stock dividend on October 15. Cash Equipment Investment in Stock Dividends Payable Property Dividends Payable Preferred Stock Common Stock Common Stock Dividends Distributable -49 Paid-in Capital in Excess of Par-Common Stock Paid-in Capital in Excess of Stated Value-Common Stock Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital-Retired Stock Paid-in Capital-Treasury Stock Retained Earnings Treasury Stock Legal Expense epar Unrealized Gain or Loss-Income te N/A end 30 On Sep d on Sep

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