Fallingstar, Inc. has

109,000

shares of common stock issued and outstanding, with a par value of

$0.04

per share. It declared a

17%

common stock dividend; market value is

$18.00

per share. Which of the following is the correct journal entry to record the transaction?

(Round

your answers to the nearest whole dollar.)

A.debit Common Stock Dividend Distributable

$741,

debit

PaidIn

Capital in Excess of

ParCommon

$332,799,

and credit Retained Earnings $333,540

B.debit Stock Dividends

$333,540

and credit

PaidIn

Capital in Excess of

ParCommon

$333,540

C.debit Stock Dividends

$333,540

and credit Cash $333,540

D.debit Stock Dividends

$333,540,

credit Common Stock Dividend Distributable

$741,

and credit

PaidIn

Capital in Excess of

ParCommon

$332,799