E13-30 (similar to) Question Help Artistic Schools, Inc. is authorized to issue 200,000 shares of $2 par common stock. The company issued 74,000 shares at $6 per share. When the market price of common stock was $8 per share, Artistic declared and distributed a 14% stock dividend. Later, Artistic declared and paid a $0.60 per share cash dividend. Read the requirements Requirement 1. Journalize the declaration and the distribution of the stock dividend. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) First, journalize the declaration of the stock dividend. Date Accounts and Explanation Debit Credit Requirements ho 1. Journalize the declaration and the distribution of the stock dividend. 2. Journalize the declaration and payment of the cash dividend. Print Done Choose from any moremer any number tempor nesame CICR TIEK ATSwer. 3 parts remaining Clear All Check Answer PrtScn F8 Home F9 End PgUp F10 PgDn F12 F11 Ins para a ed and distributed a 14% stock dividend. Later, Artistic declareu nd. he requirements. irement 1. Journalize the declaration and the distribution of the stock dividend. (Re credits. Select the explanation on the last line of the journal entry table.) journalize the declaration of the stock dividend. Date Accounts and Explanation Debit ling Cash Cash Dividends Common Stock-$2 Par Value Common Stock Dividend Distributable Dividends PayableCommon Paid-In Capital from Treasury Stock Transactions Paid-In Capital in Excess of Par-Common Retained Earnings Stock Dividends Treasury Stock-Common dividend. id. Print Done loose from any it or emer any number mempermeras and merr CICK CHECK ANSWE parts remaining Clear All Check