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4 Epic Incorporated has 11,400 shares of $2 par value common stock outstanding. Epic declares a 19% stock dividend on July 1 when the stock's
4 Epic Incorporated has 11,400 shares of $2 par value common stock outstanding. Epic declares a 19% stock dividend on July 1 when the stock's market value is $22 per share. The stock dividend is distributed on July 20. 8 points Prepare journal entries for (a) declaration and (b) distribution of the stock dividend. View transaction list Journal entry worksheet Record the declaration of a 19% stock dividend. Note: Enter debits before credits. Date General Journal Debit Credit July 01 Record entry Clear entry View general journal
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