Prepare the entries for the declaration and payment of stock, Accounting Basics

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Prepare the entries for the declaration and payment of stock

Willand Corporation has 46,800 shares of $10 par value common stock outstanding. It declares a 10% stock dividend on December 1 when the market value per share is $19. The dividend shares are issued on December 31. Prepare the entries for the declaration and payment of the stock dividend. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

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Accounting Basics: Prepare the entries for the declaration and payment of stock

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