On January $1,2022,$ Oriole Corporation had $$1,480,000$ of common stock outstanding that was issued at par. It also had retained earnings of $$742,000.$ The company issued $40,000$ shares of common stock at par on July $1$ and earned net income of $$400,000$ for the year.

Journalize the declaration of a $16\%$ stock dividend on December $10,2022,$ for the following independent assumptions. $($Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

a$.$ Par value is $$10,$ and market price is $$18.$

b$.$ Par value is $$5,$ and market price is $$21.$On January $1,2022,$ Oriole Corporation had $$1,480,000$ of common stock outstanding that was issued at par. It also had retained

earnings of $$742,000.$ The company issued $40,000$ shares of common stock at par on July $1$ and earned net income of $$400,000$ for the

year.

Journalize the declaration of a $16\%$ stock dividend on December $10,2022,$ for the following independent assumptions. $($Credit account

titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles

and enter $0$ for the amounts.$)$

a$.$ Par value is $$10,$ and market price is $$18.$

b$.$ Parvalue is $$5,$ and market price is $$21.$

No$.$ Account Titles and Explanation

Debit

Credit

a$.$

b$.$