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When there were 500,000 authorized shares of $12 par value common stock, 50,000 shares issued, and 45,000 shares outstanding, and the market price was $14

When there were 500,000 authorized shares of $12 par value common stock, 50,000 shares issued, and 45,000 shares outstanding, and the market price was $14 per share, Your Company issued a 15% stock dividend. What was the entry to retained earnings when this transaction is recorded? Group of answer choices $ 94,500 credit $ 90,000 debit $105,000 credit $105,000 debit $ 94,500 debit

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