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Epic Incorporated has 10.000 shares of $2 par value common stock outstanding. Epic declares a 5% stock dividend on July 1 when the stock's market

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Epic Incorporated has 10.000 shares of $2 par value common stock outstanding. Epic declares a 5% stock dividend on July 1 when the stock's market value is $8 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 5% stock dividend. Note: inter debits before credits General Journal Debit Date July 01 Credit

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