Madrid Corporation has 27,000 shares of $20 par common stock outstanding. On August 2, Madrid Corporation declared a 3% stock dividend to be issued October 8 to stockholders of record on September 15. The market price of the stock was $31 per share on August 2.

Journalize the entries required on August 2, September 15, and October 8. If an amount box does not require an entry, leave it blank. If no entry is required, select "No Entry Required" and leave the amount boxes blank.