On January 1 , Swifty Corporation had 85000 shares of $10 par value common stock outstanding. On June 17 , the compary declared a 10% stock dividend to stockholders of record on June 20 . Market value of the stock was $16 on June 17 . The stock was distributed on June 30 . The entry to record the transaction of June 30 would include a credit to Paid-in Capital in Excess of Par for $51000. debit to Common Stock Dividends Distributable for $136000. debit to Stock Dividends for $51000. credit to Common Stock for $85000