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 Record the declaration of a 24% stock dividend. Note: Enter debits before credits Date July 01 General Journal Debit Credit Record entry Clear entry View general journal