Your answer is partially correct. Larkspur, Inc. has 49,000 shares of $10 par value common stock...

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Your answer is partially correct. Larkspur, Inc. has 49,000 shares of $10 par value common stock outstanding. It declares a 10% stock dividend on December 1 when the market price per share is $19. The dividend shares are issued on December 31. Prepare the entries for the declaration and issuance of the stock dividend. (Record journal entries in the order presented in the problem. 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.) ate Account Titles and Explanation Retained Earnings Common Stock Dividends Distributable Paid-in Capital in Excess of Stated Value-Common Stock Common Stock Dividends Distributable Common Stock Debit Credit 91900 4900 4900 87000 4900 Your answer is partially correct. Larkspur, Inc. has 49,000 shares of $10 par value common stock outstanding. It declares a 10% stock dividend on December 1 when the market price per share is $19. The dividend shares are issued on December 31. Prepare the entries for the declaration and issuance of the stock dividend. (Record journal entries in the order presented in the problem. 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.) ate Account Titles and Explanation Retained Earnings Common Stock Dividends Distributable Paid-in Capital in Excess of Stated Value-Common Stock Common Stock Dividends Distributable Common Stock Debit Credit 91900 4900 4900 87000 4900