Vaughn Corporation has $60,000$ shares of $$10$ par value common stock outstanding. It declares a $15\%$ stock dividend on December $1$

when the market price per share is $$16.$ The dividend shares are issued on December $31.$

Prepare the entries for the declaration and issuance of the stock dividend. $($Record journal entries in the order presented in the problem.

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.$)$

Date

Account Titles and Explanation

Debit

Credit

eTextbook and Media

List of Accounts