Oldie Roadsters Ltd has 16,000 common shares outstanding Oldie distributes a 5 percent stock dividend when the market value of its shares is $18.00 per share 1. Journalize Oldie's declaration of the stock dividend on June 30, 2017 and the distribution of the stock dividend on July 30, 2017 Explanations are not required. 2. What is the overall effect of the stock dividend on Oldie's total assets? On total shareholders' equity? 1. Journalize Oldie's declaration of the stock dividend on June 30, 2017 and the distribution of the stock dividend on July 30, 2017. Explanations are not required Begin with the journal entry for the declaration of the stock dividend (Record debits first, then credits.) Journal Entry Date Accounts Debit Credit Jun 30 Next, record the distribution of the stock dividends on July 30 Journal Entry Accounts Debit Credit Date Jul 30 2. What is the overall effect of the stock dividend on Oldie's total assets? On total shareholders' equity? 1190 on total assets The stock dividends have on total shareholders' equity The stock dividends have ORANT