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Entries for Stock Dividends Zurich Corporation has 26.000 shares of $70 par commar stock outstanding. On June 8. Zurich Corporation declared a 5% stock dividend

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Entries for Stock Dividends Zurich Corporation has 26.000 shares of $70 par commar stock outstanding. On June 8. Zurich Corporation declared a 5% stock dividend to be issued August 12 to stockholders of record on July 13. The market price of the stock was 596 per share on June 9. Journalize the entries required on June 8, July 13, and August 12. For a compound transaction of 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. Stock Dividends Stock Dividends Distributable Paid-In Capital in Excess of Par-Common Stock Jun. 8 Jul. 13 No Entry Required Aug, 12 Stock Dividends Distributable Common Stock 0

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