On june 30, the bonds of directors of sandals, Inc., declares a 100% stock divid

On june 30, the bonds of directors of sandals, Inc., declares a 100% stock dividend on its 22000, $1  par, common shares. The market price of sandals common stock is $27 on june 30. Record the stock dividend. (If the no entry is required for a transaction/event, select “No journal entry required” in the first account field.)Stock dividend22000Par common share 1Standals common stock27100%

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