Epic Incorporated has 10,100 shares of $2 par value common stock outstanding. Epic declares a 6% stock dividend on July 1 when the stock's market value is $9 per share. The stock dividend is distributed on July 20. Prepare journal entries for (a) declaration and (b) distribution of the stock dividend. Journal entry worksheet Record the declaration of a 6% stock dividend. Note: Enter debits before credits. Epic Incorporated has 10,100 shares of $2 par value common stock outstanding. Epic declares a 6% stock dividend on July 1 when the stock's market value is $9 per share. The stock dividend is distributed on July 20. Prepare journal entries for ( a ) declaration and (b) distribution of the stock dividend. Journal entry worksheet Note: Enter debits before credits