Entries for stock dividends Pro-Builders Corporation has 1,500,000 shares of $5 par common stock outstanding. On September 2, Pro-Builders Corporation declared a 3% stock dividend to be issued November 50 to stockholders of record on October 3. The market price of the stock was $56 per share on September 2.Journalize the entries required on September 2, October 3, and November 30.

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Entries for stock dividends

Pro-Builders Corporation has 1,500,000 shares of $5 par common stock outstanding. On September 2, Pro-Builders Corporation declared a 3% stock dividend to be issued November 50 to stockholders of record on October 3. The market price of the stock was $56 per share on September 2.
Journalize the entries required on September 2, October 3, and November 30.

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