On September 1, the board of directors of Colorado Outfitters, Inc., declares a stock dividend on its 30,000, $21 par, common shares. The market price of the common stock is $50 on this date.

P.s.- it wont let me use retained earingings in the journal entry. what other account should I use?

Required:

1. 2. & 3. Record the necessary journal entries assuming a small (10%) stock dividend, a large (100%) stock dividend, and a 2-for-1 stock split