Help Save & Exit Subr Global Corporation had 49,000 shares of $20 par value common stock outstanding on July 1. Later that day the board of directors declared a 5% stock dividend when the market value of each share was $26. The entry to record the dividend declaration is Multiple Choice Debit Retained Earnings $63700, credit Common Stock Dividend Distributable $63,700 Debit Retained Eornings $63,700, credit Common Stock Dividend Distributable $49,000, credit Paid in Capital in Bicess of Par Value. Common Stock 514 700 No entry is made until the stock to issued Dobit tinal minne 463 700 cc