Ruby Red Corp. stockholder's equity section of the balance sheet looks like this on July $30$:

a$)$ Prepare the journal entry to record a $6\%$ stock dividend declared and distributed on July $31$ when the

market rate was $$25$ per share.

b$)$ Post the entries to the T$-$accounts provided.

c$)$ Show how the stockholder's equity section of the balance sheet will look after this transaction.

Stockholder's Equity:

Common Stock, $$2$ par, $250,000$ shares authorized,

shares issued and outstanding

Paid in Capital in excess of Par Value, Common Stock

Total Paid in Capital

Retained Earnings

Total Stockholder's Equity