Nutritious Pet Food Company's board of directors declares a large stock dividend $(50\%)$ on June $30$ when the stock's market value per share is $$30.$ At that time,

there are $10,000$ shares of $$1$ par value common stock outstanding $($none held in treasury$).$

Prepare the following two journal entries.

PLEASE NOTE: You must enter the account names exactly as written above and all dollar amounts will be rounded to whole dollars using $"$$$"$ and commas as

needed $($i$.$e$.$ $$12,345).$

June $30-$ Record the declaration of a stock dividend:

July $31-$ Record the distribution of the stock dividend: