EpiCo has 20,000 shares of $2 par value common stock outstanding. The company declares a 5%...

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EpiCo has 20,000 shares of $2 par value common stock outstanding. The company 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. The journal entry to record the declaration of the stock dividend consists of a Multiple Choice Debit Retained Earnings $2,000; credit Common Stock Dividend Distributable $2,000. Debit Common Stock Dividend Distributable $2,000; credit Retained Earnings $2,000. Debit Retained Earnings $8,000, credit Common Stock Dividend Distributable $2,000; credit Paid-in Capital in Excess of Par Value, Common Stock $6,000. Debit Retained Earnings $8,000, credit Cash $8,000. Debit Common Stock Dividend Distributable $8,000; credit Retained Earnings $2,000; Paid-in Capital in Excess of Par Value. Common Stock $6,000 EpiCo has 20,000 shares of $2 par value common stock outstanding. The company 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. The journal entry to record the declaration of the stock dividend consists of a Multiple Choice Debit Retained Earnings $2,000; credit Common Stock Dividend Distributable $2,000. Debit Common Stock Dividend Distributable $2,000; credit Retained Earnings $2,000. Debit Retained Earnings $8,000, credit Common Stock Dividend Distributable $2,000; credit Paid-in Capital in Excess of Par Value, Common Stock $6,000. Debit Retained Earnings $8,000, credit Cash $8,000. Debit Common Stock Dividend Distributable $8,000; credit Retained Earnings $2,000; Paid-in Capital in Excess of Par Value. Common Stock $6,000