On December 1,2018,Garland,Inc.had 200,000 shares of $1 par value common stock issued and outstanding.The next day,Garland declared and distributed a 50% stock dividend.The market value of the stock on December 2,2018 was $9 per share.Prepare the journal entry for the transaction.Omit explanation.

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The Answer of On December 1,2018,Garland,Inc.had 200,000 shares of $1 par value common stock issued and outstanding.The next day,Garland declared and distributed a 50% stock dividend.The market value of the stock on December 2,2018 was $9 per share.Prepare the journal entry for the transaction.Omit explanation.