Chapter 14 - WEEK 10/11 Live Session Work BE14-1 On March 1, Houseboat Ltd. had 400,000 common shares issued and the balance in its Common Shares account was $600,000. The company declared a 5% stock dividend to shareholders of record on March 14, to be distributed on March 31. The fair value per share was $5 on March 1, $4.85 on March 14, and $5.35 on March 31. Prepare the entries on the appropriate dates to record the stock dividend. Record the share transactions. date declaration date 3. Date butio Mar. 1 id Date Account stock divends stock dividend distributable Debit Credit Mar. 14 -x/55 Steek No entry 5220000 No entry 39 Jatributable 97 a Mar. 31 Slock dividend distributable stributed date Common share Issued 2.