Entries for Stock Dividends

Paris Corporation has 10,000 shares of $70 par common stock outstanding. On February 8, Paris Corporation declared a 4% stock dividend to be issued April 11 to stockholders of record on March 10. The market price of the stock was $105 per share on February 8.

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Journalize the entries required on February 8, March 10, and April 11. For a compound transaction, 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.

Feb. 8
Mar. 10
Apr. 11