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Pearl City Corporation has 105.500 common shares that have been issued. It declares a 6% stock dividend on December ito shareholders of record on December

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Pearl City Corporation has 105.500 common shares that have been issued. It declares a 6% stock dividend on December ito shareholders of record on December 20. The shares are issued on January 10. The share price is $15 on December 1, 51450 on December 20, and $14.75 on January 10. Prepare the entries on the appropriate dates to record the stock dividend. (Lastoll debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit

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