On January $1,2022,$ Wildhorse Corporation had $$1,245,000$ of common stock outstanding that was issued at par. It also had retained

earnings of $$745,000.$ The company issued $37,000$ shares of common stock at par on July $1$ and earned net income of $$410,000$ for the

year.

Journalize the declaration of a $15\%$ 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 $$10,$ and market price is $$19.$

b$.$ Par value is $$5,$ and market price is $$21.$

No$.$ Account Titles and Explanation

Debit

Credit

a$.$

b$.$