prac 4

Cher Required information Exercise 11-10 (Static) Small stock dividend LO P2 [The following information applies to the questions displayed below) The stockholders' equity section of TVX Company on February 4 follows, Comon stock-510 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 $20,000 425,000 550.000 $1.525,000 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 11-10 (Static) Part 1 1. Prepare entries to record both the dividend declaration and its distribution Record the declaration of a 20% stock dividend. Note: Enter debits before credits. General Journal Debit Credit Date Feb 05 Record entry Clear entry View general Journal 1 Record the distribution of a 20% stock dividend. Note: Enter debits before credits. Date General Journal Debit Credit Feb 28 Record entry Clear entry View general journa