Question 12 of 26 View Policies Current Attempt in Progress

Current Attempt in Progress Teai Mountain Corporation has 110,000 shares of $5 par value common stock outstanding It declared a 15% stock dividend on fune 1 when the market price per share was $12. The shares were issued on June 30 . Prepare the necessary entries for the declaration and payment of the stock dividend. (Credit occount titles are automatically indented when the amount is entered. Do not indent manually. If no entry. prequired, select "No Entry" for the occount titles and enter Ofor the amounts. Hst alf debit entries before credit entrles. Record journat entries in the order presented in the problem.) Attempts: 0 of 1 used