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Entries for stock dividends Madrid Corporation has 23,000 shares of $70...

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Accounting

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Entries for stock dividends Madrid Corporation has 23,000 shares of $70 par common stock outstanding. On August 2, Madrid Corporation deciared a 5% stock dividend to be issued October 8 to stockholders of record on September 15 . The market price of the stock was $97 per share on August 2 . Journalize the entries required on August 2 , September 15 , and October 8 . If an amount box does not require an entry, leave it blank. If no entry is required, select "No Entry Required" and leave the amount boxes blank

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