Check my work Required information Exercise 11-6 Stock dividends and per share book values LO P2 The following information applies to the questions displayed below.) The stockholders' equity of TVX Company at the beginning of the day on February 5 follows: $1,200,000 Common stock-$20 par value. 150,000 shares authorized, 60,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity 625.000 $2,400,000 On February 5, the directors declare a 10% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $44 per share on February 5 before the stock dividend. The stock's market value is $40 per share on February 28, Exercise 11-6 Part 1 1. Prepare entries to record both the dividend declaration and its distribution Required information Journal entry worksheet Record the declaration of 10% stock dividend. Book Print Note: Enter debits before credits Date General Journal Debit Credit Feb 05 Record entry Clear entry View general journal Required intormation Journal entry worksheet