On August 1, 2018 alpha corp., declared 5% stock divided on its common stock when the market value of the common stock ws $15 per share. Stockholders' equity before the stock dividend was declared consisted of $1,000,000 for commons stock ($10 par value, authorized 200,000 shares: issued and outstanding 100,000 shares, $150,000 for paid-in capital in excess of par, and $7000,000 for retained earnings. Use this information to prepare the general journal entry.