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 $36 per share on February 5 before the stock dividend.

1. Prepare entries to record both the dividend declaration and its distribution.

Required information [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. 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 $36 per share on February 5 before the stock dividend. 1. Prepare entries to record both the dividend declaration and its distribution. 1. Prepare entries to record both the dividend declaration and its distribution. Journal entry worksheet. Record the declaration of a 2% stock dividend. Note: Enter debits before credits. 1. Prepare entries to record both the dividend declaration and its distribution. Journal entry worksheet. Record the declaration of a 2% stock dividend. Note: Enter debits before credits. 1. Prepare entries to record both the dividend declaration and its distribution. Journal entry worksheet. Record the distribution of a 2% stock dividend. Note: Enter debits before credits