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Madrid Corporation has 13,000 shares of $70 par common stock outstanding. On June 8 , Madrid Corporation declared a 2% stock dividend to be issued

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Madrid Corporation has 13,000 shares of $70 par common stock outstanding. On June 8 , Madrid Corporation declared a 2% stock dividend to be issued August 12 to stockhoiders of record on July 13. The market price of the stock was 588 per share on June 8 : Journalize the entries required on June 8 , July 13, and August 12 . If no entry is required, select "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank

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