Entries for stock dividends record on September 15 . The market price of the stock was

$67

per share on August 2 . Required" and leave the amount boxes blank.\ Aug. 2\ Stock Dividends Distributable

\ Paid-In Capital in Excess of Par-Common Stock

\ Sept. 15 No Entry Required\ No Entry Required

\ Oct. 8\ Stock Dividends Distributable

Madrid Corporation has 11,000 shares of $50 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 $67 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. If no entry is required, select "No Entry Required" and leave the amount boxes blank