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Epic Incorporated has 10,600 shares of $2 par value common stock outstanding. Epic declares a 11% stock dividend on July 1 when the stock's market

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Epic Incorporated has 10,600 shares of $2 par value common stock outstanding. Epic declares a 11% stock dividend on July 1 when the stock's market value is $14 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 11% stock dividend. Notes Enter debits before credits

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