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PART IV (15 Points) The Alton Corporation's stockholders' equity section at January 1, 2018 appears below: Stockholders' equity Paid-in capital Common stock, $10 par, 60,000

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PART IV (15 Points) The Alton Corporation's stockholders' equity section at January 1, 2018 appears below: Stockholders' equity Paid-in capital Common stock, $10 par, 60,000 outstanding..... Paid in Capital in excess of par...... Total paid-in capital..... Retained earnings..... Total stockholders' equity.... $600,000 150,000 $750,000 150.000 $900.000 On June 30, 2018, the board of directors of the Alton Corporation declared a 10% stock dividend, payable on July 31, 2018, to stockholders of record on July 15, 2018. The fair market value of Alton Corporation's stock on June 30, 2018 was $15. Prepare and date (a) the journal entries on 6/30, 7/15 & 7/31/2018 for the stock dividend (a)

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