On September $1,$ the board of directors of Colorado Outfitters, Incorporated, declares and issues a stock dividend on its $20,000,$$$11$

par, common shares. The market price of the common stock is $$40$ 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

Record the stock dividend assuming a small $(10\%)$ stock dividend.

Note: Enter debits before credits.