Connect Homework: Chapter 11 ( Required information (The following information applies to the questions displayed below.) Part 1 of 2 The stockholders' equity of TVX Company at the beginning of the day on February 5 follows. points Common stock-$10 par value, 150,000 shares authorized, 62,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 620,000 425,000 549,000 $1,594,000 eBook Hint On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $36 per share on February 5 before the stock dividend. Print 1. Prepare entries to record both the dividend declaration and its distribution. References View transaction list Journal entry worksheet Record the declaration of a 2% stock dividend. Note: Enter debits before credits. Date General Journal Debit Credit Feb 05 : Retained earnings Common stock dividend distributable Paid-in capital in excess of par value, Common stock Record entry Clear entry View general journal Connect Homework: Chapter 11 A Required information (The following information applies to the questions displayed below.) Part 1 of 2 The stockholders' equity of TVX Company at the beginning of the day on February 5 follows. points Common stock-$10 par value, 150,000 shares authorized, 62,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 620,000 425,000 549,000 $1,594,000 eBook Hint On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $36 per share on February 5 before the stock dividend. Print 1. Prepare entries to record both the dividend declaration and its distribution. References View transaction list Journal entry worksheet Record the distribution of a 2% stock dividend. Note: Enter debits before credits. Debit Credit Date Feb 28 General Journal Common stock dividend distributable Record entry Clear entry View general journal