prepare entries to record both the dividend declaration and its distribution

Help Save Required information [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, 55,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 550,000 429,000 551,000 $1,530,000 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 $31 per share on February 5 before the stock dividend 1. Prepare entries to record both the dividend declaration and its distribution View transaction list Journal entry worksheet 2 Next > Prey 2 of 5 !!! Save & El Sub Help 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 $31 per share on February 5 before the stock dividend 1. Prepare entries to record both the dividend declaration and its distribution View transaction list Journal entry worksheet 1 Record the declaration of a 2% stock dividend. Note: Enter debits before credit Dobi Date Feb 05 General Journal Retained earnings Common stock dividend distributable Paid in capital in excess of par value. Common stock PIRY 2.05 Next > O re to search View transaction list Journal entry worksheet O e to search