new Help Save & TB MC Qu. 11-144 Eastline Corporation had... Eastline Corporation had 14,500 shares of $5 par value common stock outstanding when the board of directors declared a stock dividend of 5,655 shares. At the time of the stock dividend, the market value per share was $21. The entry to record this dividend is: Multiple Choice O Debit Common Stock Dividend Distributable $118,755, credit Retained Earnings $118,755. No entry is needed. O Debit Retained Earnings $28.275 Credit Common Stock Dividend Distributable $28.275 Oo oo Debt Retained Earnings $118.755, credit Common Stock Dividend Distributable $118.755 De Retained Earnings $11755. Cred Common Stock Dividend Distributable $28.275 credit Paid in Captain Excess of Para Common Stock 990.480