O Required information Exercise 13-8 Small stock dividends 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. Common stock-$10 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 $ 600,000 425,000 550,000 $1,575,000 On February 5, the directors declare a 20% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $40 per share on February 5 before the stock dividend. Exercise 13-8 Part 1 1. Prepare entries to record both the dividend declaration and its distribution View transaction list Journal entry worksheet 1 2 Record the declaration of a 20% stock dividend. Note: Enter debits before credits Exercise 13-8 Part 1 1. Prepare entries to record both the dividend declaration and its distribution. View transaction list Journal entry worksheet 1 2 Record the declaration of a 20% stock dividend. Note: Enter debits before credits Date Feb 05 General Journal Debit Credit Record entry Clear entry View general journal OCT 18 od ,4 Ketained earnings Total stockholders' equity $1,800,000 1. Prepare journal entries to record the following transactions for Sherman Systems. 1 a. Purchased 5,000 shares of its own common stock at $25 per share on October 11. b. Sold 1,000 treasury shares on November 1 for $31 cash per share. c. Sold all remaining treasury shares on November 25 for $20 cash per share. 2. Prepare the stockholders' equity section after the October 11 treasury stock purchase. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the stockholders' equity section after the October 11 treasury stock purchase. Revised Equity Section of Balance Sheet After October 11 5 Total contributed capital Total Total stockholders' equity (Required 1 Required