Exercise 11-8 Small stock dividends LO P2 [The following information applies to the questions displayed below) The stockholders' equity of TVX Company at the beginning of the day on February 5 follows Common stock-sis paz value, 150,000 shares authorized, 62,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 930,000 423,000 545,000 $1,898,000 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 $31 per share on February 5 before the stock dividend. Dournal entry worksheet 2 Record the declaration of a 2% stock dividend. Note: Enter debits before credits. Debit Credit Date Feb 05 General Journal Retained earnings Common stock dividend distributable Paid-in capital in excess of par value, Common stock Journal entry worksheet 2 Record the distribution of a 2% stock dividend. Note: Enter debits before credits. Date General Journal Debit Credit Feb 28 Record entry Clear entry View general Journal