On Jan 1, How Co. issued 9,000 shares of $3 par common stock for $7

per share. On Feb 1, the company purchased 3,000 shares for Treasury Stock for

$18,000 total. On Mar 1, the company's Board declared a 33% stock dividend on

all outstanding shares. Stock on Mar 1 was selling for $7 per share. The journal

entry for Mar 1 would include which one of the following components?

A. a CREDIT to Cash for 14,000

B. a CREDIT to Retained Earnings for 6,000

C. a DEBIT to Additional Paid in Capital for 6,000

D. a CREDIT to Common Stock for 9,000

E. a DEBIT to Additional Paid in Capital for 24,000