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Nutritious Pet Food Company's board of directors declares a large stock dividend (50%) on June...

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Accounting

Nutritious Pet Food Company's board of directors declares a large stock dividend (50%) on June 30 when the stock's market value per share is $30. At that time,
there are 10,000 shares of $1 par value common stock outstanding (none held in treasury).
Prepare the following two journal entries.
PLEASE NOTE: You must enter the account names exactly as written above and all dollar amounts will be rounded to whole dollars using "$" and commas as
needed (i.e. $12,345).
June 30- Record the declaration of a stock dividend:
July 31- Record the distribution of the stock dividend:
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