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Awal Company had 60.000 shares of $10 par value common stock outstanding on March 1. On April 18 when the market value per share was

Awal Company had 60.000 shares of $10 par value common stock outstanding on March 1. On April 18 when the market value per share was $13, the company declared a 15% stock dividend to stockholders of record on April 28. The stock was distributed on May G. The entry to record the distribution of May 6 would include a OA credit to Cash O debit to Common Stock Dividend Distributable OC credit to Paid-in Capital in Excess of Par Value OD. debit to Retained Earnings

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