Question: Question 5 View Policies Current Attempt in Progress On October 10, the board of directors of Pattern Corporation declared a 15% stock dividend. On October

Question 5 View Policies Current Attempt in Progress On October 10,

Question 5 View Policies Current Attempt in Progress On October 10, the board of directors of Pattern Corporation declared a 15% stock dividend. On October 10, the company had 10,000 shares of $1 par common stock issued and outstanding with a market price of $16 per share. The stock dividend will be distributed on October 31 to shareholders of record on October 25. Journalize the entries needed for the declaration and distribution of the stock dividend. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry"for the account titles and enter O for the amounts.) Debit Credit Date Account Titles and Explanation Oct. 10 Oct. 31

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