Crystal Clear Water Sports has 18,000 shares of $3 par value common stock outstanding. Crystal Clear distributes a 15% stock dividend when the market value of its stock is $17 per share Read the requirements Requirement 1. Journalize Crystal Clear's declaration of the stock dividend on May 15 and distribution on May 31. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Start by journalizing the declaration of the stock dividend on May 15, Date Accounts and Explanation May. 15 Debit Credit Now journalize the distribution of the stock dividend on May 31 Date Accounts and Explanation Credit Mary 31 Choose from any list or enter any number in the input fields and then continue to the next question Crystal Clear Water Sports has 18,000 shares of $3 par value common stock outstanding, Crystal Clear distributes a 15% stock dividend when the market value of its stock is $17 per share. Read the requirements Now journalize the distribution of the stock dividend on May 31. Date Accounts and Explanation May 31 Debit Credit Requirement 2. What is the overall effect of the stock dividend on Crystal Clear's total assets? The stock dividends have on total assets. Requirement 3. What is the overall effect on total stockholders' equity? The stock dividends have on total stockholders' equity Choose from any list or enter any number in the input fields and then continue to the next