V Check My Work decrease? share. Senior Life Co. reported no income or loss for the current year. If an amount box does not require an entry, leave it blank. If no entry is required, select "No entry required" from the dropdown. a1. Journalize the entry to record the declaration of the dividend, capitalizing an amount equal to market value. \begin{tabular}{lcc} & X & X \\ Stock Dividends Distributable & X \\ \hline Paid-In Capital in Excess of Par-Common Stock & & \end{tabular} Feedback Check My Work Recall that a stock dividend affects only stockholders' equity. a2. Journalize the entry to record the issuance of the stock certificates. Stock Dividends Distributable X x