Provide the correct Answer with explanation and don't use chatGPT/AIbot other wise down vote. thank you

Stock Dividend Augusta Corporation reported the following information: 50,000 shares of $4 par value common stock authorized, 47,000 shares common stock issued, 18,000 shares treasury stock. Required: 1. What is the appropriate journal entry to record a 5% stock dividend if the market price of the common stock is $45 per share when the dividend is declared? If an amount box does not require an entry, leave it blank. Dividends Payable Common Stock Arizona! Paid In Capital Common stock 2. What is the appropriate journal entry to record a 27%% stock dividend if the market price of the common stock is $45 per share when the dividend is declared? if an amount box does not require an entry, leave it blank. 3. Conceptual Connection: How do these transactions affect Augusta's total stockholders equity? Total stockholders equity is by these transactions. Previous Next