Large Stock Dividend and Forward Stock Split Low Corporation has 50.000 shares of $20 par value common stock outstanding and retained earnings of $750.000. The company declares a 100 percent stock dividend. The market price at the declaration date is $20 per share. a. Prepare the journal entries for (1) the declaration of the dividend and (2) the issuance of the dividend. General Journal Ref. Description Debit Credit Declared 100% stock dividend. issued stock for 100% stock dividend