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Current Attempt in Progress Pina Colada Corp. has 45,000 shares of...

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Accounting

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Current Attempt in Progress Pina Colada Corp. has 45,000 shares of $10 par value common stock outstanding. It declares a 11% stock dividend on December 1 whien 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 joumal 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 occount titles and enter ofor the amounts.)

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