Entries for Stock Dividends Madrid Corporation has 24,000 shares of $90 par common stock outstanding. On August 2, Madrid Corporation declared a 5% stock dividend to be issued October 8 to stockholders of record on September 15. The market price of the stock was $137 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, leave it blank. If no entry is required, select "No Entry Required" and leave the amount boxes blank. Aug 2 Stock Dividends Stock Dividends Distributable Paid in Capital in Excess of Park Common Stock 1,224,000 1.224,000 Sept. 15 No Entry Required No Entry Requered Oct. 8 Stock Dividends Distributable Common Stock 1.224.000 1.224000