Homework: HW #9 (Stockholders Equity) Save core: 0 of 1 pt 4 of 10 (3 complete) HW Score: 28 33%,2 83 of 10 pts >10-12 (similar to) Question Help Downtown Bancshares has 34,000 shares of S7 par value common stock outstanding Suppose Downtown ductures and distributes a 20% stock dividend when the market value of its stock is $25 per share 1. Journalize Downtown's declaration and distribution of the stock dividend on May 11 An explanation is not required 2. What was the overall effect of the stock dividend on Downtown's total assets? On total abilities? On total stockholders' equity? TO 1. Journalize Downtown's declaration and distribution of the stock dividend on May 11 An explanation is not required (Record dubie test then crudila Bachede explanations from any journal entries) Journal Entry Accounts Debit Credit Date May