Epic Inc. has 11,900 shares of $2 par value common stock outstanding. Epic declares a 24% stock dividend on July 1 when the stock's market value is $27 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 > Record the declaration of a 24% stock dividend, Note Enter debts before credits General Journal Date July 01 Debit Credit Recordantry Clear entry View general Journal Epic Inc. has 11.900 shares of $2 par value common stock outstanding. Epic declares a 24% stock dividend on July 1 when the stock's market value is $27 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 at Journal entry worksheet