Question: Hi I would like help please with this qeustion for accounting. Thank you! Supreme Water Sports has 11,000 shares of $3 par value common stock

Hi I would like help please with this qeustion for accounting. Thank you!

Hi I would like help please with this qeustion for accounting. Thank

Supreme Water Sports has 11,000 shares of $3 par value common stock outstanding. Supreme distributes a 15% stock dividend when the market value of its stock is 18 per share. Read the requirements. Requirement 1. Journalize Supreme's declaration of the stock dividend on August 15 and distribution on August 31. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Start by journalizing the declaration of the stock dividend on August 15. Date Accounts and Explanation Debit Credit Aug. 15 Now journalize the distribution of the stock dividend on August 31. Date Accounts and Explanation Debit Credit Aug. 31 Requirement 2. What is the overall effect of the stock dividend on Supreme's total assets? The stock dividends have on total assets. Requirement 3. What is the overall effect on total stockholders' equity? The stock dividends have on total stockholders' equity

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