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Question 3 On March 1, Nikes board of directors declared a 26% stock dividend to be distributed on August 3rd to the stockholders of record on Sep 15th, Nike had 40,000 shares of $9 par value common stock outstanding. Prepare the journal entries required on Mar 1, July 15th and Aug 1. Date Accounts Debit Credit Question 4 On Jun 1, Nike board of directors declared a 22% stock dividend to be distributed on Nov 26th to the stockholders of record on July 26. Amway had 10,000 shares of $9 par value common stock outstanding with a market value of $13 per share. Prepare the journal entries required on Sep 1, Sep 26, and Oct 1. Date Credit Accounts Debit