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Poolboy Water Sports has 15,000 shares of $2 par value common stock outstanding. Poolboy distributes a 15% stock dividend when the market value of its

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Poolboy Water Sports has 15,000 shares of $2 par value common stock outstanding. Poolboy distributes a 15% stock dividend when the market value of its stock is $24 per share. Read the requirements Requirement 1. Journalize Poolboy declaration of the stock dividend on September 15 and distribution on September 30. (Record debits first, then credits. Select the explanafion on the last line of the journal entry table) Start by journalizing the declaration of the stock dividend on September 15. Date Accounts and Explanation Debit Credit Sep. 15

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