On September 1, the board of directors of Colorado Outfitters, Inc., declares a stock dividend on its 17,000, $8 par, common shares. The market price of the common stock is $37 on this date.

On September 1, the board of directors of Colorado Outfitters, Inc., declares a stock dividend on its 17,000, $8 par, common shares. The market price of the common stock is $37 on this date. 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. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 Record the stock dividend assuming a small (10%) stock dividend Note: Enter debits before credits. Date General Journal Debit Credit September 01 Record entry Clear entry View general journal Journal entry worksheet