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Entries for stock dividends Zurich Corporation has 11,000 shares of $70 par common stock outstanding. On August 2, Zurich Corporation declared a 4% stock

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Entries for stock dividends Zurich Corporation has 11,000 shares of $70 par common stock outstanding. On August 2, Zurich Corporation declared a 4% stock dividend to be issued October 8 to stockholders of record on September 15. The market price of the stock was $95 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. Date Aug. 2 Stock Dividends Account Stock Dividends Distributable Paid-In Capital in Excess of Par-Common Stock Sept. 15 Stock Dividends Distributable Common Stock Oct. 8 Stock Dividends Paid-In Capital in Excess of Par-Common Stock Debit Credit 000 00 00 00 00

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