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Stossel Corporation has 200,000 shares of $10 par value common stock outstanding It declares a 12 %, stock di dend on December $17. The dividend

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Stossel Corporation has 200,000 shares of $10 par value common stock outstanding It declares a 12 %, stock di dend on December $17. The dividend shares are issued on December 31 when the market price r shares Prepare the entries for the declaration and distribution of the stock dividend. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when 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 Titles and Explanation Debit Credit

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