On March 1,SunlandLtd. had418,000common shares issued and the balance in its Common Shares account was $627,000. The company declared a5% stock dividend to shareholders of record on March 14, to be distributed on March 31. The fair value per share was $4on March 1, $3.85on March 14, and $4.35on 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 account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.)

Date

Account Titles and Explanation

Debit

Credit

choose a transaction date

Mar. 1Mar. 14Mar. 31

enter an account title to record declaration of stock dividend

enter a debit amount

enter a credit amount

enter an account title to record declaration of stock dividend

enter a debit amount

enter a credit amount

(To record declaration of

stock dividend.)choose a transaction date

Mar. 1Mar. 14Mar. 31

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

choose a transaction date

Mar. 1Mar. 14Mar. 31

enter an account title to record distribution of stock dividend

enter a debit amount

enter a credit amount

enter an account title to record distribution of stock dividend

enter a debit amount

enter a credit amount

(To record distribution of

stock dividend.)