Element Water Sports has 18,000 shares of $3 per value common stock outstanding Element distributes a 15% stock dividend when the market value of its stock is $20 per share Read the requirements Requirement 1. Journalize Elements declaration of the stock dividend on September 15 and distribution on September 30. (Rwoord debits first, then credits. Select the explanation on the Start by journalizing the declaration of the stock dividend on September 15 Date Accounts and Explanation Debit Credit Requirements Sep. 15 1. Journal Element's declaration of the stock dividend on September distribution on September 30, 2. What is the overall effect of the stock dividend on Element's totale 3. What is the overall effect on total stockholders' equity? Now journalize the distribution of the stock dividend on September 30 Date Accounts and Explanation Debit Print Sep. 31 Credit Done Requirement 2. What is the overall effect of the stock vidend on Elements totales? Now journalize the distribution of the stock dividend on September 30 Date Accounts and Explanation Debit Credit Sep. 31 Requirements Requirement 2. What is the overall effect of the stock dividend on Element's total assets? The stock dividends have 1. Joumatize Element's declaration of the stock dividend on September 15 and distribution on September 30 2. What is the overall effect of the stock dividend on Elements totalasta 3. What is the overall effect on total stockholders' equity? on total assets Requirement 3. What is the overall effect on total stockholders' equity? The stock dividends have on total stockholders' equity Print Done