Morton issues a 6%, stock dividend on its $2 par value common stock. Currently 20,000 shares have been issued and the stock's market price is $16 per share. Which of the following would be a part of the journal entry to record the declaration of the dividend? Credit Common Stock for 19,200 Debit Common Stock Dividends Distributable for 19,200 Debit Stock Dividends for 19,200 Credit Cash for 19,200 Question 19 1 pts Morton issues a 6%, stock dividend on its $2 par value common stock. Currently 20,000 shares have been issue and the stock's market price is $16 per share. How many shares of stock will current shareholders receive when this dividend is issued? O 19,200 shares 40,000 shares 2400 shares 1200 shares > Question 20 1 pts Morton issues a 6%, stock dividend on its $2 par value common stock. Currently 20,000 shares have been issue and the stock's market price is $16 per share. Which of the following would be a part of the journal entry to record the issuance of the dividend? Debit Cash for 19,200 Credit Common Stock for 2400 Credit Common Stock Dividends Distributable for 2400 Debit Common Stock Dividends Distributable for 19,200