Wartield Company has outstanding 3,000,000 haves of common stock with a par value common stock outstanding. A stock dividend of 5%% wat debiard0/ So stentser-55,7010, and distributed (o sacrobeet- follows of record at the close of business of dator 37,2075. The market price of the Mock has been a September 30, 2016 $20 $22 October 31, 2016 Prepare the journal entry to record the declaration and distribution of the stock dividend.

time- 5 min