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Mosher Corporation has 1 5 0 , 0 0 0 shares of $ 4 par value common stock outstanding. It declared a 1 5 %

Mosher Corporation has 150,000 shares of $4 par value common stock outstanding. It declared a 15% stock dividend on June 1 when the market price per share was $12. The shares were issued on June 30.
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Prepare the necessary entries for the declaration and payment of the stock dividend.

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