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On June 30, the board of directors of Sandals, Inc., declares and pays a 100% stock dividend on its 16,000, $1 par, common shares.

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On June 30, the board of directors of Sandals, Inc., declares and pays a 100% stock dividend on its 16,000, $1 par, common shares. The market price of Sandals common stock is $21 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 account field.) View transaction list Journal entry worksheet < Record the stock dividend. Note: Enter debits before credits. Transaction June 30 General Journal Debit Credit Record entry Clear entry View general journal 21

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