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On January 1, Wildhorse Co. had 126000 shares of $10 par value common stock outstanding. On March 17 the company declared a 5% stock dividend

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On January 1, Wildhorse Co. had 126000 shares of $10 par value common stock outstanding. On March 17 the company declared a 5% stock dividend to stockholders of record on March 20. Market value of the stock was $13 on March 17. The entry to record the transaction of March 17 would include a credit to Stock Dividends for $18900. credit to Cash for $81900. credit to Common Stock Dividends Distributable for $63000. debit to Common Stock Dividends Distributable for $63000

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