ms You received partial credit in the previous atter CAICI IPO SILK LIVIUUS LUTZ (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-$10 par value, 150,000 shares authorized, 65,000 shares issued and outstanding $ 650,880 Paid-in capital in excess of par value, common stock 424,000 Retained earnings 547,000 Total stockholders' equity $1,621,000 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 $41 per share on February 5 before the stock dividend. Exercise 11-8 Part 1 1. Prepare entries to record both the dividend declaration and its distribution View transaction list Journal entry worksheet Record the declaration of a 2% stock dividend. Note: Enter debits before credits Date General Journal Credit Debit 533 000 Feb 05 Retained earnings Common stock dividend distributable Paid in capital in excess of par value. Common stock 130,000 403.000