Entries for Stock Dividends Zurich Corporation has 35,000 shares of $50 par common stock outstanding. On June 8, Zurich Corporation declared a 3% stock dividend to be issued August 12 to stockholders of record on July 13. The market price of the stock was $75 per share on June 8. Journalize the entries required on June 8, July 13, and August 12. 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. Jun. 8 Stock Dividends Stock Dividends Distributable Paid-In Capital in Excess of Par-Common Stock Jul. 13 No Entry Required No Entry Required Aug. 12 Stock Dividends Distributable Common Stock 525,000 X