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 $31 per share on February 5 before the stock dividend. 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. Dato Dobit Credit Note: Enter debits before credits. General Journal Feb 05 (Retained earnings Common stock dividend distributable Paid-in capital in excess of par value, Common stock Record entry Clear entry View general Journal 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 $31 per share on February 5 before the stock dividend. 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. Dato Dobit Credit Note: Enter debits before credits. General Journal Feb 05 (Retained earnings Common stock dividend distributable Paid-in capital in excess of par value, Common stock Record entry Clear entry View general Journal