On September $1,$ the board of directors of Colorado Outfitters, Incorporated, declares and issues a stock dividend on its $25,000,$$$16$ par, common shares. The market price of the common stock is $$45$ on this date.

Required:

& $3.$ Record the necessary journal entries assuming a small $(10\%)$ stock dividend, a large $(100\%)$ stock dividend, and a $2-$for$-1$ stock split. $($If no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

Journal entry worksheet

$1$

$2$

$si{n}^3$

Record the transaction assuming a $2-$for$-1$ stock split.

Note: Enter debits before credits.

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