lake side water aports has 19000 shares of $2 par value common stock

Lakeside Water Sports has 19,000 shares of $2 par value common stock outstanding Lakeside distributes a 15% stock dividend when the market value of its stock Is $16 per share Read the requirements Requirement 1. Journalize Lakeside's declaration of the stock dividend on August 15 and distribution on August 31. (Record debts first, then credits Select the explanation on the last line of the journal entry table.) Start by journalizing the declaration of the stock dividend on August 15. Date Accounts and Explanation Debit Credit Aug. 15