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Entries for Stock Dividends Madrid Corporation has 16,000 shares of $30 par common stock outstanding. On August 2, Madrid Corporation declared a 3% stock dividend

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Entries for Stock Dividends Madrid Corporation has 16,000 shares of $30 par common stock outstanding. On August 2, Madrid Corporation declared a 3% stock dividend to be issued October 8 to stockholders of record on September 15. The market price of the stock was $46 per share on August 2 Joumalize the entries required on August 2, September 15, and October 8. If an amount box does not require an entry, teave It blank. If no entry is required, select "No Entry Required and leave the amount boxes blank Aug. 2 Sept 15 Oct. B

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