Epic Inc. has 12,000 shares of $2 par value common stock outstanding. Epic declares a 25% stock dividend on July 1 when the stock's market value is $28 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 declaration of a 25% stock dividend. Note: Enter debits before credits. Date General Journal Debit Credit July 01 Record entry Clear entry View general journal Belkin Inc. has 120,000 shares of $3 par value common stock outstanding. Belkin declares a 60% stock dividend on March 2 when the stock's market value is $92 per share. Prepare the journal entry for declaration of the stock dividend. View transaction list Journal entry worksheet Record the declaration of a 60% stock dividend. Note: Enter debits before credits. Date General Journal Debit Credit Mar 02 Record entry Clear entry View general journal