Preparing Entries for Small Stock Dividends Landry Inc. has 20,000 shares of common stock, $1 par outstanding. On September 30, 2020, Landry declares a 10% stock dividend when the fair value of its common stock is $30 per share. Distribution of the dividend will be on October 15, 2020. a. Prepare the journal entry for the declaration of the stock dividend on September 30, 2020, Note: List multiple debits (when applicable) in alphabetical order and list multiple credits (when applicable) in alphabetical order, Date Account Name Sept. 30, 2020 Dr. Cr. b. Prepare the journal entry for the distribution of the stock dividend on October 15, 2020. Date Account Name Cr. Oct 15, 2020 Dr. Check Previous Save Answers Finish attempt ... >