Vincent Corporation has 94,000 shares of $100 par common stock outstanding. On June 30, Vincent Corporation declared a 3% stock dividend to be issued on July 30 to stockholders of record July 15. The market price of the stock was $124 a share on June 30.

If no entry is required, select "No Entry Required" and leave the amount boxes blank.

Journalize the entry required on June 30. If an amount box does not require an entry, leave it blank or enter "0".

June 30	Cash
	Stock Dividends Distributable
	Paid-in Capital in Excess of Par-Common Stock

Journalize the entry required on July 15.

July 15	No Entry Required
	No Entry Required

Journalize the entry required on July 30.

July 30	Stock Dividends Distributable
	Common Stock