Current Attempt in Progress

Concord Corporation has $390,000$ common shares outstanding. The corporation declares a $8\%$ stock dividend at the common shares'

fair value of $$30$ per share. $($Their carrying value is $$16$ per share.$)$

Prepare the journal entries for the company for both the date of declaration and the date of distribution. $($List all debit entries before

credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select

$"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Account Titles and Explanation

Debit

Credit

Declaration Date:

Distribution Date: