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The? stockholders' equity for Heavenly Desserts ?Drive-Ins ?(HD) on July 16?, 2015, ?follows: On July 16?, 2015, he market price of HD common stock was

The? stockholders' equity for Heavenly Desserts ?Drive-Ins ?(HD) on July 16?, 2015, ?follows:

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On July 16?, 2015, he market price of HD common stock was $17 per share. Assume HD declared and distributed a 25?% stock dividend on this date.

1) Journalize the declaration and distribution of the 25?% stock dividend. ?(Record debits? first, then credits. Exclude explanations from any journal? entries.)

2) Prepare the? stockholders' equity section of the balance sheet after the stock dividend.

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