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easy accounting question. [The following information applies to the questions displayed below.) The stockholders' equity of TVX Company at the beginning of the day on

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[The following information applies to the questions displayed below.) The stockholders' equity of TVX Company at the beginning of the day on February 5 follows. Common stock-$10 par value, 150,000 shares authorized, 63,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 630,000 422,000 550,000 $1,602,000 On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $31 per share on February 5 before the stock dividend. Journal entry worksheet 1 2 Record the declaration of a 2% stock dividend. Note: Enter debits before credits Date General Journal Debit Credit Feb 05 Retained earnings Paid-in capital in excess of par value, Common stock Common stock dividend distributable es Journal entry worksheet N Record the distribution of a 2% stock dividend. Note: Enter debits before credits. Date General Journal Dobit Credit Feb 28 ces Record entry Clear entry View general journal

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