Panza Corporation has 60,000 shares of its $1 par value common stock outstanding.

July	17	Declared a 10 percent stock dividend on common stock to be distributed on August 10 to stockholders of record on July 31. Market value of the stock was $5 per share on this date.
	31	Date of record.
Aug.	10	Distributed the stock dividend declared on July 17.
Sept.	1	Declared a $0.50 per share cash dividend on common stock to be paid on September 16 to stockholders of record on September 10.

Prepare journal entries to record the above transactions as they relate to the company's common stock: