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Green Day Corporation has outstanding 412,900 shares of $8 par value common stock. The corporation declares a 10% stock dividend when the fair value of
Green Day Corporation has outstanding 412,900 shares of $8 par value common stock. The corporation declares a 10% stock dividend when the fair value of the stock is $69 per share. Prepare the journal entries for Green Day Corporation for both the date of declaration and the date of distribution.
| Account Titles and Explanation | Debit | Credit |
| Declaration Date. | ||
| Distribution Date. | ||
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