Journalize 1&2 and complete 3&4

Font Pragraph Question 1 Share Dividend Quality Foods Lild has 12,000 common shares outstanding. Qualily Foods distribules a 20 percent stock dividend The market value of its shares is $2000 per share Jounalize the folloning 1. Declaration of the share dividend on September 30, 2016 2. Distribution of the share dividend on October 31, 2016 Date Account Titles and Explanations PR Debit Credit 3 What is the overall effect of the stock dividend on Quality Foods total assets? 4 What is the overall effect of the stock dividend on Quality Foods total shareholder's equity