Hudson High Rises declared a 10% stock dividend on July 1 to be distributed on August 1

Question:

Hudson High Rises declared a 10% stock on July 1 to be distributed on August 1 to stockholders of record on July 15. On July 1, Hudson has 1,000,000 authorized shares and 250,000 outstanding shares. Hudson's $2 par stock is trading at $15 per share on July 1.
Required
a. Prepare all necessary journal entries to record the stock Prepare all necessary journal entries to record the stock assuming the percentage was 30% instead of 10%. Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...