$($b$)$

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Prepare the journal entry to record $(1)$ the declaration and $(2)$ distribution of the stock dividend. $($List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

No$.$ Date

$($b$)(1)$

$($b$)(2)$

Account Titles and Explanation

Retained Earnings

Paid$-$in Capital in Excess of Par $-$ Common Stock

Common Stock Dividend Distributable

Common Stock Dividend Distributable

Com

Debit

Retained Earnings

Paid$-$ Capital in Excess of Par $-$ Common Stock

Common Stock Dividend Distributable