Epic Incorporated has 12,000 shares of $2 par value common stock outstanding. Epic declares a 25%...

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Epic Incorporated 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 < 1 2 Record the declaration of a 25% stock dividend. Note: Enter debits before credits. Date General Journal Debit Credit July 01 Common stock dividend distributable Drou 2 of 10 Mayt Epic Incorporated 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 < 1 2 Record the declaration of a 25% stock dividend. Note: Enter debits before credits. Date General Journal Debit Credit July 01 Common stock dividend distributable Drou 2 of 10 Mayt