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On March 1, Oriole Ltd. had 405,000 common shares issued and the balance in its Common Shares account was $607,500. The company declared a 6%

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On March 1, Oriole Ltd. had 405,000 common shares issued and the balance in its Common Shares account was $607,500. The company declared a 6% stock dividend to shareholders of record on March 14, to be distributed on March 31. The fair value per share was $6 on March 1,$5.85 on March 14 , and $6.35 on March 31. Prepare the entries on the appropriate dates to record the stock dividend. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts. Record joumal entries in the order presented in the problem. List all debit entries before credit entries.)

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