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Entries for Stock Dividends Madrid Corporation has 15,000 shares of $20 par common stock outstanding on August 2, Madrid Corporation declared a 4% stock dividend

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Entries for Stock Dividends Madrid Corporation has 15,000 shares of $20 par common stock outstanding on August 2, Madrid Corporation declared a 4% stock dividend to be issued October 8 to stockholders of record on September 15. The market price of the stock was $31 per share on August 2. Journalize the entries required on August 2, September 15, and October 8. If an amount box does not require an entry, leave it blank. I no entry is required, select "No Entry Required" and leave the amount boxes blank. Aug. 2 Sept. 15 II II II II Oct. 8

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