Question: On September 1 , 2 0 2 2 , Margo Corporation had 5 8 , 0 0 0 shares of stock outstanding. The next day,

On September 1,2022, Margo Corporation had 58,000 shares of stock outstanding. The next day, Margo Corporation declared a 100% common stock dividend when the market price of its $4 par value common stock was $121 per share. What is the related journal entry for this stock dividend?
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On September 1,2022, Margo Corporation had 58,000 shares of stock outstanding.

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