Sunland Corporation has outstanding 385,000 shares of $10 par value common stock dividend when the fair value of the stock is $70 per share. Prepare the journal entries for both the date of declaration and the date of distribution. (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 for the amounts.) Debit Credit Account Titles and Explanation Declaration Date Distribution Date eTextbook and Media List of Accounts Save for Later Attempts: unlimited Submit Answer Sunland Corporation has outstanding 385.000 shares of $10 par value common stock. The corporation declares a 100% stock divided when the fair value of the stock is $70 per share. Prepare the journal entries for both the date of declaration and the date of distribution. (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 for the amounts) Account Titles and Explanation Debit Credit Declaration Date Distribution Date Textbook and Media List of Accounts