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Required information

Exercise $13-10($Algo$)$ Small stock dividend LO P$2$

$[$The following information applies to the questions displayed below.$]$

The stockholders' equity section of TVX Company on February $4$ follows.

On February $5,$ the directors declare a $2\backslash \%$ stock dividend distributable on February $28$ to the February $15$ stockholders of record. The stock's market value is $\backslash (\backslash$$ $41\backslash )$ per share on February $5$ before the stock dividend.

Exercise $13-10($Algo$)$ Part $1$

$1.$ Prepare entries to record both the dividend declaration and its distribution. Journal entry worksheet

$1$

$2$

Record the declaration of a $2\backslash \%$ stock dividend.

Note: Enter debits before credits. Journal entry worksheet

Record the distribution of a $\backslash (2\backslash \%\backslash )$ stock dividend.

Note: Enter debits before credits.