Question: I am not able to understand the question. Please help and complete the questions. Question 5 and 6 are together. Question 5. part 1 of
I am not able to understand the question. Please help and complete the questions. Question 5 and 6 are together. Question 5. part 1 of 2 Required information Skip to question [The following information applies to the questions displayed below.] The stockholders equity section of TVX Company on February 4 follows. Common stock$25 par value, 150,000 shares authorized, 58,000 shares issued and outstanding $ 1,450,000 Paid-in capital in excess of par value, common stock 420,000 Retained earnings 547,000 Total stockholders equity $ 2,417,000 On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders of record. The stocks market value is $36 per share on February 5 before the stock dividend. 1. Prepare entries to record both the dividend declaration and its distribution. Record the declaration of a 2% stock dividend.
| Date | General Journal | Debit | Credit |
| February 05 | |||
Record the distribution of a 2% stock dividend.
| Date | General Journal | Debit | Credit |
| February 28 | |||
Question 6 part 2 of 2 2. Prepare the stockholders' equity section after the stock dividend is distributed. (Assume no other changes to equity.) TVX Company Stockholders' Equity Section of the Balance Sheet February 28
| $ | |
| $ | |
| $ | |
| Total Stockholders' Equity | $ |
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