2 Check my work 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, 57,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 570,000 525,000 675,000 $1,770,000 On February 5, the directors declare a 10% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $39 per share on February 5 before the stock dividend. The stock's market value is $35 per share on February 28 1. Prepare entries to record both the dividend declaration and its distribution. View transaction list View journal entry worksheet No Date General Journal Debit Credit 1Feb 05 Common stock dividend distributable 57,000 Common dividend payable 57,000 2Feb 28 Common stock dividend distributable 57,000 Common dividend payable 57,000