Journal Entries: Stock Dividends E 10. Snols Corporation has 30,000 shares of its sl par value common stock out standing. Record in journal form the following transactions as they relate to the company's common stock: July 17 Declared a 10 percent stock dividend on common stock to be distributed on August 10 to stockholders of record on July 31. Market value of the stock was $5 per share on this dare. Date of record. Distributed the stock dividend declared on July 17. Sept. 1 Declared a $0.50 share cash dividend on common stock to be paid on September 16 to stockholders of record on September 10. Aug. 10