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On June 13, the board of directors of Siewert Inc, declared a 5% stock dividend on its 60 million, Spar, common shares, to be distributed

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On June 13, the board of directors of Siewert Inc, declared a 5% stock dividend on its 60 million, Spar, common shares, to be distributed on July 1. The market price of Slewert common stock was $25 on June 13 Complete the below table to calculate the stock dividend. Prepare a journal entry that summarizes the declaration and distribution of the stock dividend. points Answer is not complete. Complete this question by entering your answers in the tabs below. Stock Dividend General Journal Prepare a journal entry that summarizes the declaration and distribution of the stock dividend. (If no entry is required for transaction event, select "No journal entry required" in the first account field. Enter your answers in millions ( 10,000,000 should be entered as 10). No Event General Journal Debit Credit 1 Retained earnings 75,000,000 Common sock 3.000.000 Paldin capital excess of our 2,000,000

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