Epic Inc. has 11,000 shares of $2 par value common stock outstanding. Epic declares a 15% stock dividend on July 1 when the stock's market value is $18 per share. The stock dividend is distributed on July 20. Prepare journal entries for (a) declaration and (b) distribution of the stock dividend. View transaction list Journal entry worksheet Record the distribution of 15% stock dividend. Note: Enter debits before credits. General Journal Debit Credit Date July 20 Record entry Clear entry View general journal