On December 31, the stockholders equity section of the balance sheet of R & B Corporation reflected the following:

Common stock (par $10; authorized 60,000 shares, outstanding 31,000 shares)	$	310,000
Additional paid-in capital		12,600
Retained earnings		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.)

a) Record the issue of a 12 percent stock dividend on the 31,000 shares of stock outstanding with a market value of $17 per share.

b)Record the issue of a 100 percent stock dividend on the 31,000 shares of stock outstanding with a par value of $10 per share.