Entries for Stock Dividends Madrid Corporation has 24,000 shares of $70 par common stock outstanding. On June 8, Madrid stockholders of record on July 13. The market price of the stock was $90 per share on June 8. Corporation declared a 4% stock dividend to be issued August 12 to Journalize the entries required on June 8, July 13, and August 12. For a compound transaction, if an amount box does not require an entry, leave it blank.It no entry is required, select "No Entry Required" and leave the amount boxes blank un. 8 Jul, 13 Aug. 12 PreviousNext