Exercise 11-10 (Algo) Small stock dividend LO P2 [The following information applies to the questions displayed below.) The stockholders' equity section of TVX Company on February 4 follows. Common stock-$25 par value, 150,890 shares authorized, 65,000 shares issued and outstanding $ 1,625,000 Paid-in capital in excess of par value, common stock 428,000 Retained earnings Total stockholders' equity $ 2,681,800 On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $36 per share on February 5 before the stock dividend. 548,000 Exercise 11-10 (Algo) Part 1 1. Prepare entries to record both the dividend declaration and its distribution View transaction list View journal entry worksheet No Debit General Journal Credit Date 548,000 1 February 05 Retained earnings 442,300 Paid-in capital in excess of par value, Common stock 1. Prepare entries to record both the dividend declaration and its distribution View transaction list View journal entry worksheet No Date Debit Credit 1 February 05 548,000 General Journal Retained eamings Paid-in capital in excess of par value, Common stock Common stock, $25 par value 442,300 4700,00 On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $36 per share on February 5 before the stock dividend. Exercise 11-10 (Algo) Part 1 1. Prepare entries to record both the dividend declaration and its distribution. No Date Debit Credit 548.000 1 February 05 Answer is not complete. General Journal Retained eamings Paid-in capital in excess of par value. Common stock Common stock, $25 par value 442 300