Exercise 13-6 Stock dividends and per share book values 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-$10 par value, 150,000 shares authorized, 60,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings 600,000 425,000 550,000 $1,575,000 Total stockholders' equity On February 5, the directors declare a 20% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $40 per share on February 5 before the stock dividend. The stock's market value is $33.40 per share on February 28. Exercise 13-6 Part 1 1. Prepare entries to record both the dividend declaration and its distribution View transaction list Journal entry worksheet 1 2 Record the declaration of 20% stock dividend Note: Enter debits before credits. Date General Journal Debit Credit Feb 05 View general journal Record entry Clear entry Exercise 13-6 Stock dividends and per share book values 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-$10 par value, 150,000 shares authorized, 60,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings 600,000 425,000 550,000 $1,575,000 Total stockholders' equity On February 5, the directors declare a 20% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $40 per share on February 5 before the stock dividend. The stock's market value is $33.40 per share on February 28. Exercise 13-6 Part 1 1. Prepare entries to record both the dividend declaration and its distribution View transaction list Journal entry worksheet 1 2 Record the distribution of 20% stock dividend Note: Enter debits before credits. Date General Journal Debit Credit Feb 28 View general journal Record entry Clear entry