Pearl City Corporation has 99.700 common shares that have been issued it declares a 4% stock dividend on December 1 to shareholders of record ab ee ter 20 es to record the stock dividend. (Credit account titles are automaticlly indented when the amount is entered. Do not indent manualy.If no entry is required. Prepare the entries on the select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 1 . Dividends Declared 55832 2 Stock Dividends Distributable 55832 Dec. 20 Jan 10 Stock Dividends Distributable 55832 Common Shares 55832