I almost have this down, but could use some explanations as to what needs to get multiplied and why. Thank you.

Journal entry worksheet Record the distribution of a 2% stock dividend. Note: Enter debits before credits. General Journal Debit Credit Date Feb 28 Record entry Clear entry View general journal [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-$5 par value, 150,000 shares authorized, 56,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity 280,000 421,000 551,000 $1,252,000 On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $36 per share on February 5 before the stock dividend. 1. Prepare entries to record both the dividend declaration and its distribution. View transaction list Journal entry worksheet