On February 5, the directors declare a...

Required information Exercise 11-8 Small stock dividends LO P2 [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. Common stock-$10 par value, 150,000 shares authorised, 59,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity 590,000 430.000 551.000 .571.000 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. Exercise 11-8 Part 1 1. Prepare entries to record both the dividend declaration and its distribution View transaction list Journal entry worksheet 1 2 of 2 Next > Exercise 11-8 Part 1 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. Note: Enter debits before credits General Journal Debit Credit Date Feb 05 ces Record entry Clear entry View general journal Exercise 11-8 Part 1 1. Prepare entries to record both the dividend declaration and its distribution View transaction list Journal entry worksheet