Entries for Stock Dividends

Zurich Corporation has 20,000 shares of $50 par common stock outstanding. On February 8, Zurich Corporation declared a 5% stock dividend to be issued April 11 to stockholders of record on March 10. The market price of the stock was $72 per share on February 8.

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.