STOCK DIVIDENDS AND STOCK SPLITS Jennings Corp. has 1,000,000 shares of $1 par value stock authorized, 200,000 shares issued, and 150,000 shares outstanding. On March 31, Jones' Board of Directors declared a 10\% stock dividend at a time that the stock carried a market value of $30. Prepare the journal entry required to record this transaction and then post it to the related T-accounts: Compute the number of shares outstanding after the March 31 stock dividend. Jennings Corp. announced a 100\% stock dividend on June 30. Prepare the journal entry required to record this transaction and then post it to the related T-accounts: Jennings Corp. announced a 100% stock dividend on June 30. Prepare the journal entry required to record this transaction and then post it to the related T-accounts: Copyright 02016 McGraw-Hill Education Instructor's Resource Manual, Chapter 11 119 Compute the number of shares outstanding after the June 30 stock dividend. HANDOUT 11-4, continued Jennings Corp. announced a 2 for 1 stock split on September 30 . Prepare the journal entry required to record the transaction described above and then post it to the related T-accounts: Compute the number of shares outstanding after the September 30 stock split