Question 1 On January 1, Marigold Corporation had 52000 shares of $10 par value common stock outstanding on March 17, the company declared a 15% stock dividend to stockholders of record on March 20 Market value of the stock was $15 on March 17. The stock was distributed on March 30. The entry to record the transaction of March 30 would include debit to Stock Dividends for $39000. O credit to Cash for $78000. credit to Paid in Capital in excess of Par for $39000 debit to Common Stock Dividends Distributable for $78000