Luke Enterprises has 300,000 shares of $20 par common stock outstanding. On January 19, Luke Enterprises declared a 3% stock dividend. The market price of the stock on January 19 was $28 per share. The journal entry to record the stock dividend would include   a.a credit to Stock Dividends for $180,000. b.a debit to Cash for $252,000. c.a debit to Stock Dividends Distributable for $252,000. d.a credit to P-In-Capital in Excess of Par—Common Stock for $72,000.

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