2. Part 1 of 2 Required information Exercise 11-8 Small stock dividends LO P2 [The following information applies to the questions displayed below. 15 points The stockholders' equity of TVX Company at the beginning of the day on February 5 follows. eBook Common stock-$15 par value, 150,000 shares authorized, 61,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity Hint $ 915,000 422,000 547,000 $1,884,000 Ask 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 $36 per share on February 5 before the stock dividend. Print Exercise 11-8 Part 1 1. Prepare entries to record both the dividend declaration and its distribution. View transaction list Journal entry worksheet 1 2 > Record Common dividend payable Common stock dividend distributable Common stock, $0.50 par value Common stock, $1 par value Common stock. $1 stated value Note: Ent Date Feb 05 Record entry View general journal Clear entry 2 Part 1 of 2 Required information Exercise 11-8 Small stock dividends LO P2 [The following information applies to the questions displayed below.] 15 points The stockholders' equity of TVX Company at the beginning of the day on February 5 follows. eBook Common stock-$15 par value, 150,000 shares authorized, 61,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity Hint $ 915,000 422,000 547,000 $1,884,000 Ask 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 $36 per share on February 5 before the stock dividend. Print Exercise 11-8 Part 1 1. Prepare entries to record both the dividend declaration and its distribution. View transaction list X > 1 Record the declaration of a 2% stock dividend. 2 Record the distribution of a 2% stock dividend. Dit Credit Note : = journal entry has been entered Record entry View general journal Clear entry Part 2 of 2 Required information Exercise 11-8 Small stock dividends LO P2 [The following information applies to the questions displayed below.) 15 points The stockholders' equity of TVX Company at the beginning of the day on February 5 follows. eBook Common stock-$15 par value, 150,000 shares authorized, 61,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity Hint $ 915,000 422,000 547,000 $1,884,000 Ask 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 $36 per share on February 5 before the stock dividend. Print Exercise 11-8 Part 2 2. Prepare the stockholders' equity section after the stock dividend is distributed. (Assume no other changes to equity.) TVX COMPANY Stockholders' Equity Section of the Balance Sheet February 28 Total stockholders' equity
