Tech Inc. has 267,000 shares of $4 par value common stock outstanding. It declared 8% stock dividend on Dec. 1 when the market price per share was $30. The shares were issued on Dec. 31. Always include the debit account first and the credit accounts second. If you have a compound entry with multiple debit and or credit accounts include DR and CR to designate if you are debiting or crediting the account. See the example below remembering each line here is one line you are typing into. DR Equipment $100,000 CR Accounts Payable $50,000 CR Cash $50,000

Part A Prepare the entry to declare the stock dividend on December 1st.

Bank #1

Bank #2

Bank #3

Part B

Prepare the journal entry to show the issuance of the stock dividend

Bank #1

Bank #2