2part question

QS 13-7 (Algo) Accounting for small stock dividends LO P2 Epic Incorporated has 12,000 shares of $2 par value common stock outstanding. Epic declares a 25% stock dividend on July 1 when the stock's market value is $28 per share. The stock dividend is distributed on July 20. Prepare journal entries for (a) declaration and (b) distribution of the stock dividend. View transaction list Journal entry worksheet 2 Record the declaration of a 25% stock dividend. Note: Enter debits before credits. Date July 01 Record entry General Journal Clear entry Debit Credit View general Journal

QS 13-7 (Algo) Accounting for small stock dividends LO P2 Epic Incorporated has 12,000 shares of $2 pat value common stock outstanding. Epic declares a 25\% stock dividend on July 1 when the stock's market value is $28 per share. The stock dividend is distributed on July 20 . Prepare journal entries for (a) declaration and (b) distribution of the stock dividend. Journal entry worksheet Record the declaration of a 25% stock dividend. Wote: Cnter debits before credits: Journal entry worksheet Record the distribution of 25% stock dividend. Note: Enter debits before credits