Stock Dividends Instructions Chart of Accounts General Journal Instructions Crystal Corporation has the following information regarding its common stock: $10 par, with 500,000 shares authorized, 213,000 shares issued, and 183,700 shares outstanding. On August 22, 2019. Crystal declared and paid a 15% stock dividend when the market price of the common stock was $30 per share. Required: 1. Prepare the journal entries to record declaration and payment of this stock dividend. 2. Prepare the journal entries to record declaration and payment assuming it was a 30% stock dividend. General Journal 1. Prepare the journal entries to record declaration and payment of this stock dividend. General Journal Instructions PAGE 1 GENERAL JOURNAL IMPACT ON FINANCIAL STATEMENTS BALANCE SHEET INCOME STATEMENT ACCOUNT TITLE POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY REVENUE EXPENSES NET INCOME 2. Prepare the journal entries to record declaration and payment assuming it was a 30% stock dividend. General Journal Instructions PAGE 1 GENERAL JOURNAL IMPACT ON FINANCIAL STATEMENTS BALANCE SHEET INCOME STATEMENT ACCOUNT TITLE POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY REVENUE EXPENSES NET INCOME