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Stock Dividends Crystal Corporation has the following information regarding its common stock: $17 par, with 300,000 shares authorized, 132,000 shares issued, and 130,600 shares outstanding

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Stock Dividends Crystal Corporation has the following information regarding its common stock: $17 par, with 300,000 shares authorized, 132,000 shares issued, and 130,600 shares outstanding on August 22, Crystal declared and paid a 15% stock dividend when the market price of the common stock was $28 per share. Required: 1. Prepare the joumal entries to record declaration and payment of this stock dividend. I an amount box does not require an entry, leave it blank Aug. 22 2. Prepare the journal entries to record declaration and payment assuming it was a 30% stock dividend. If an amount Aug 22 does not require an entry, leave it blank

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