Global Corporation had 58.000 shares of $20 par value common stock outstarvinn entry to record the dividend declaration is Saved utter that day the board of directors declared a 200 stock dividend when the market value of each share was $28. the Help Save & Multiple Choice 0 Debit Retained Earnings $232,000 credit Common Stock Dividend Distributable $232.000 0 Debit Retained Earnings $324,800, credit Cash S324,800 0 Debit Retained Earnings $324 800, credit Common Stock Dividend Distributable 5232,000 credit Paid in Capital in Excess of Par Value, Common Stock 592,800. 0 Debit Retained Earnings $324,800, credit Common Stock Dividend Distributable $324.800 0 ( No entry is made until the stock is issued Orte e 9 arch SAMSUNG