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5 Epic Incorporated has 10,400 shares of $2 par value common stock outstanding. Epic declares a 9% stock dividend on July 1 when the stock's
5 Epic Incorporated has 10,400 shares of $2 par value common stock outstanding. Epic declares a 9% stock dividend on July 1 when the stock's market value is $12 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 < 1 2 Record the declaration of a 9% stock dividend. Note: Enter debits before credits. Date July 01 General Journal Debit Credit Journal entry worksheet < 1 2 Record the declaration of a 9% stock dividend. Note: Enter debits before credits. Date July 01 General Journal Debit Credit View general journal Record entry Clear entry View transaction list Journal entry worksheet > 2 Record the distribution of 9% stock dividend. Note: Enter debits before credits. Date July 20 General Journal Debit Credit View general journal Record entry Clear entry
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