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. 1. Prepare entries to record both the dividend declaration and its distribution. Journal entry worksheet Record the declaration of a 20% stock dividend. Note: Enter debits before credits. Journal entry worksheet Record the distribution of a 20% stock dividend. Note: Enter debits before credits