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Sweet Corporation has outstanding 501,000 shares of $10 par value common stock. The corporation declares a 100% stock dividend when the fair value of the

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Sweet Corporation has outstanding 501,000 shares of $10 par value common stock. The corporation declares a 100% stock dividend when the fair value of the stock is $71 per shar 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 0 for the amounts.) Debit Account Titles and Explanation Declaration Date Credit

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