On September 15, 2016, the Scottie Company board of directors declared a 8% stock dividend on common shares. The shares are to be distributed on October 10, 2016, to shareholders of record on October 1 2016. The market price per share on the date of declaration was $24.4 the market price on the date of distribution was $26.4. The stock has a par value of $5 per share and there were 1.200.000 shares outstanding prior to the declaration of the stock dividend. Required: Prepare any necessary journal entries to record the above transactions (f no entry is required for a transaction/event, select "No journal entry required" in the first account field.) view tran isind view general journ Journal Entry worksheet 60 Record declaration of common stock dividend Date General Journal Debit Credit September 15, 2016 Enter debits before credits record entry