23 2 pts The effects of the entry to record the payment of the dividend on July 15, 2010 are to: decrease stokholders' equity and decrease liabilities. Odecrease liabilities and decrease assets increase stockholders' equity and decrease liabilities O increase assets and decrease stockholders' equity D Question 24 2 pts Use the following information to answer the next two questions. On January 1, ROK Corporation had 75,000 shares of $7 par value common stock outstanding. The following transactions occured during the year: March 17 The company declared a 5% stock dividend. The market - price of the stock was $16 per share. March 30 - The stock dividend was distributed. "C A W P price of the stock was $16 per share. March 30- The stock dividend was distributed. The entry to record the transaction on March 17 would include a: credit to Common Stock Dividends Distributable for $60,000 debit to Stock Dividends for $26,250 Credit to Common Stock for $60,000 credit to Paid in Capital Excess of Par-Common for $33,750 D Question 25 The entry to record the transaction of March 30 would include a: debit to Common Stock Dividends Disbributable for $60,000 credit to Common Stock Dividends Distributable for $26,250 credit to Common Stock for $26,250 A credit to Cash for $60,000 2 pts