Words:22 QUESTION 24 On August 1, a company's board of directors declared a 10% stock dividend to be distributed on September 1 to the stockholders of record on August 20. The company had 1,000,000 shares of $2.50 par value common stock outstanding with a market value of $23 per share. Prepare the journal entries required on August 1, August 20, and September 1 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). .ecs T T T Arial 3(12pt) T--- august 1 Dr retained earnings 23,000,000 Cr dividends distributable 23,000,000 Path: p Words: 10 Click Save and Submit to save and submit. Click Save All Ansicers to save all answers Save All Answers Sa MacBook Air