On January 1, 202X, JTM, Inc. issued 100,000 shares of common stock, par value $5 at $7.50 per share. On September 1, 202X, the Board of Directors declared a stock dividend of $.05 per share as of September 15, 202X, and was paid on October 1, 202X. Enter the necessary journal entries associated with the issuance of common stock and the subsequent dividend. If there is no entry, be sure to enter There is no entry required.