Exercise 11-14 Your answer is partially correct. Try again On January 1, 2019, Metlock, Inc. had $1,140,000 of common stock outstanding that was issued at par. It also had retained earnings of $744,000. The company issued 40,000 shares of common stock at par on July 1 and earned net income of $395,000 for the year. Journalize the declaration of a 14% stock dividend on December 10, 2019, for the following independent assumptions. (Credit account titles are automatically indented when 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.) (a) (b) Par value is $10, and market price is $18. Par value is $5, and market price is $21 Ne. Account Titles and Explanation Debit Credit Stock Dividends 386820 Common Stock Dividends 214900 Paid-in Capital in Excess of Stock 570080 Stock Dividends 796450 Common Stock Dividends 599200 Paid-in Capital in Excess of Par-Common Stock 187250 SHOW LIST OF ACCOUNTS LINK TO TEXT VIDEO: SIMILAR EXERCISE Question Attempts: 2 of 3 used