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Urrent Attempt in Progress Tamarisk Corporation has outstanding 427,000 shares of $10 par valte common stock. The corporation declares a 5% stock dividend when the

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Urrent Attempt in Progress Tamarisk Corporation has outstanding 427,000 shares of $10 par valte common stock. The corporation declares a 5% stock dividend when the fair value of the stock is $71 per share. Prepare the journal entries for Tamarisk Corporation for both the date of declaration and the date of distribution. (Credit account tities are outomatically 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.)

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