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Common stock-$10 par value, 150,000 shares authorized, 63,000 shares Issued and outstanding $ 630,000 525,000 675,000 $ 1830.000 Pald-in capital Iin excess of par value,

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Common stock-$10 par value, 150,000 shares authorized, 63,000 shares Issued and outstanding $ 630,000 525,000 675,000 $ 1830.000 Pald-in capital Iin excess of par value, common stock Retained earnings Total stockholders' equity On February 5, the directors declare 4% stock div dend distributab stock's market value is $46 per share on February 5 before the stock dividend. The stocks market value is $40 per share on February 28. le on February 28 to the February 15 stockholders of record. The value Required information 2.85 points 1. Prepare entries to record both the dividend declaration and its distribution View transaction list Journal entry worksheet Record the declaration of 14% stock dividend. Note: Enter debits before credits Debit Credit Feb 05

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