Epic Inc. has 11700 shares of $2 par value common stock outstanding. Epic declares a 22% stock dividend on July 1 when the stock's market value is $25 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 1 2 Record the declaration of a 22% stock dividend. Note: Enter debits before credits Date July 01 Debit Credit General Journal Retained earnings Common stock dividend distributable Record entry Clear entry View general Journal Epic Inc. has 11700 shares of $2 par value common stock outstanding Epic declares a 22% stock dividend on July 1 when the stock's market value is $25 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 22% stock dividend. Note: Enter debits before credits Date July 20 General Journal Debit Credit Record entry Clear entry View general journal