Required information Exercise 11-8 Small stock dividends LO P2 [The following information applies to the questions displayed below.) The stockholders' equlty of TVX Company at the beginning of the day on February 5 follows. Common stock 820 por value, 150,000 shares authorized, 62,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,240,000 420,000 547,000 $2,207,000 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 $41 per share on February 5 before the stock dividend. Exercise 11-8 Part 1 1. Prepare entries to record both the dividend declaration and its distribution. View transaction that Journal entry worksheet Record the declaration of a 2% stock dividend. Required information Exercise 11-8 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-$20 par value, 150,000 shares authorized, 62,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,240,000 420,000 547,000 $2,207,000 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 $41 per share on February 5 before the stock dividend, Exercise 11-8 Part 1 1. Prepare entries to record both the dividend declaration and its distribution View transaction ist Journal entry worksheet 2 Record the distribution of a 2% stock dividend. Required information Exercise 11-8 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-$20 par value, 150,000 shares authorized, 62,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,240,000 420,000 547.000 $2,207,000 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 $41 per share on February 5 before the stock dividend, Exercise 11-8 Part 2 2. Prepare the stockholders' equlty section after the stock dividend is distributed. (Assume no other changes to equity) TVX COMPANY Stockholders' Equity Section of the Balance Sheet February 28 Common stock Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity S 0