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(The following information applies to the questions displayed below) The stockholders' equity section of TVX Company on February 4 follows. Common Stock-$10 par value, 150, 200 shares authorized, 60,eee shares issued and outstanding Paid in capital in excess of par value, common stock Retained earnings Total stockholders equity $ 600,eee 425,000 550, eee $ 1,575,000 On February 5, the directors declare a 20% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $40 per share on February 5 before the stock dividend Exercise 11-10 (Static) Part 1 1. Prepare entries to record both the dividend declaration and its distribution Answer is not complete. Debit Credit No Date General Journal 785,000 1 February 05 Accounts receivable 480,000 Paid-in capital in excess of par valuo, Common stock $ 120,000 Common stock dividend distributable