On June $30,$ the board of directors of Sandals, Inc., declares and pays a $100\%$ stock dividend on its $26,000,$$$1$ par, common shares. The market price of Sandals common stock is $$31$ on June $30.$

Record the stock dividend. $($If no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first occount field.$)$

Journal entry worksheet

$1$

Record the stock dividend.

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,,$General Journal,Debit,Credit$],[$June $30,,,,],[,,,,]]$