On December 31, the stockholders' equity section of the balance sheet of R & B Corporation reflected the following: Common stock (par $10%; 60,000 shares authorized; 31,000 issued and outstanding) Additional paid-in capital Retained earnings $ 310,000 12,600 81,000 On February 1 of the following year, a 12 percent stock dividend was issued. The market value of the stock on February 1 was $17 per share. Required: Prepare the journal entry to record (a) the small 12 percent stock dividend and, alternatively, (b) the large 100 percent stock dividend. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 Record the issuance of a 12 percent stock dividend on the 31,000 shares of stock outstanding with a market value of $17 per share. Note: Enter debits before credits. Transaction a General Journal Debit Credit Prev 2 of 4 Next > On December 31, the stockholders' equity section of the balance sheet of R & B Corporation reflected the following: Common stock (par $10; 60,000 shares authorized; 31,000 issued and outstanding) Additional paid-in capital Retained earnings $ 310,000 12,600 81,000 On February 1 of the following year, a 12 percent stock dividend was issued. The market value of the stock on February 1 was $17 per share. Required: Prepare the journal entry to record (a) the small 12 percent stock dividend and, alternatively, (b) the large 100 percent stock dividend. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 Record the issuance of a 100 percent stock dividend on the 31,000 shares of stock outstanding with a par value of $10 per share. Note: Enter debits before credits. Transaction b General Journal Debit Credit < Prev 2 of 4 Next >