37 Giannis Company has 100,000 shares of $10 par value common stock outstanding, Giannis declares a 10% stock dividend on July 1 when the stock's market value is $40 per share. The stock dividend is distributed on July 20. The journal entry for the declaration of the stock dividend is: O A) Retained Earnings B) Account Title Common Stock Dividend Distributable Retained Earnings Account Title Paid-In Capital in Excess of Par Value, Connon Stock Common Stock Dividend Distributable Debit Credit 400,000 400,000 Debit 100,000 Credit 300,000 400,000 1.5 points Save O O O Account Title Retained Earnings Common Stock Dividend Distributable Paid-In Capital in Excess of Par Value, Common Stock D) Account Title Common Stock Dividend Distributable Retained Earnings. E) Common Dividend Payable Cash Debit 400,000 Debit Credit 100,000 300,000 Credit 400,000 400,000 Account Title Debit 400,000 Credit 400,000