Char Corporation had outstanding 140,000 shares of $5 par-value common stock on August 13, 20X1. On...

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Char Corporation had outstanding 140,000 shares of $5 par-value common stock on August 13, 20X1. On that date, it declared a 15 percent common stock dividend distributable on September 15 to stockholders of record on September 1. The estimated fair value of the shares at the time of the declaration was $30 per share. Required: Give any general journal entries necessary on August 13, September 1, and September 15, 20X1. Note: If no entry is required for a particular transaction, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet < 1 2 3 Record the entry on August 13. 13 Drev 2 of 3 Next Char Corporation had outstanding 140,000 shares of $5 par-value common stock on August 13, 20X1. On that date, it declared a 15 percent common stock dividend distributable on September 15 to stockholders of record on September 1. The estimated fair value of the shares at the time of the declaration was $30 per share. Required: Give any general journal entries necessary on August 13, September 1, and September 15, 20X1. Note: If no entry is required for a particular transaction, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet < 1 2 3 Record the entry on August 13. 13 Drev 2 of 3 Next