STOCK DIVIDENDS ( 4 journal entries)

8/1/2022 Declared a 10% stock dividend on its common stock, to be distributed on September 1 to stockholders of record on August 15. Number of shares outstanding 30,000 Par value per share $2.00 Market value per share $18.00 10/1/2022 Declared a 40% stock dividend on its common stock, to be distributed on November 1 to stockholders of record on October 20. Number of shares outstanding 33,000 Stated value per share $2.00 Market value per share $20.00

INSTRUCTIONS: Prepare all the journal entries for the dividend transaction. Memos regarding dates of record may be omitted.

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