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Sheffeld Corporation has 50,000 shares of 611 par value common stock outstanding. It declares a 15% stock dividend on December 1 when the market price

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Sheffeld Corporation has 50,000 shares of 611 par value common stock outstanding. It declares a 15% stock dividend on December 1 when the market price per share is $19. The dividend shares are issued on December 31. Prepare the entries for the deciaration and issuance of the stock dividend. (Record journal entries in the order presented in the problem. Creditr account titles are automatically indented whem amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Tles and Explanation Debit Credit

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