On May 31,Mason Corporation Has the Following Stockholders' Equity The Board of Directors Declared a 10% Stock Dividend on

On May 31,Mason Corporation has the following stockholders' equity:
$\begin{array}{l}\text { Common Stock, } \$ 12 \text { par value, } 8,000 \text { shares }\\\begin{array}{lr}\text { issued and outstanding } & \$ 96,000 \\\text { Retained Earnings } & 20,000 \\\text { Total Stockholders' Equity } & \$ 116,000\end{array}\end{array}$
The board of directors declared a 10% stock dividend on June 5 to the stockholders of record on June 15.The stock is to be distributed on June 30.On the date of declaration,the stock had a market value of $15 per share.Prepare the appropriate journal entries for these transactions.