Find the Journal Entry

Example: A firm has 800,000 issued shares of stock of which 700,000 are currently outstanding. The firm declares a 10% stock dividend on July 15, 2020. The market price on this date was $25 per share. The par value of the stock is $1 per share and it was originally issued at $20 per share. The stock dividend is distributed on July 31, 2020, to the shareholders of record on the declaration date (this is typical)