On January 1, Hamblin Corporation had 120,000 shares of $10 par value
common stock outstanding. On March 17 the company declared a 10% stock
dividend to stockholders of record on March 20. Market value of the stock
was $13 on March 17. The entry to record the transaction of March 17 would
include a
O debit to Common Stock for $120,000.
O debit to Retained Earnings for $36,000.
O credit to Common Stock for $120,000.
O credit to Cash for $156,000.