Rat 0 Stock Dividends Witt Corporation has 30,000 shares of Spar value common stock outstanding At year-end, the company declares a five percent stock dividend The market price of the stock on the declaration date $20 pershare. Four weeks later, the company issues the shares of stock to stockholders Prepare the journal entry for the declaration of the stock dividend b. Prepare the journal entry for the issuance of the stock dividend c. Assume that the company dedared a 30 percent stock dividend rather than a fue pertent stock dividend. Prepare the journal entries for (1) the declaration of the stock dividend and the Issuance of the stock dividend General Journal Description Debit Credit Stock Dividends : 10.000 Stock Dividend Date . ov 4,000 Pidin Capital in bacon el Par Value O 0 000 000 To record declaration of sted Stockable 20.000 Carmen Stock 20.000 Wand comfortak didend 1) Staden + 120.000 Stack Overdorbate . 120.000 Todo of stock didend Lok Didend Dutta 120.000 6 Com 120.000 todon och den O