Pawtucketville Bancshares has 35,000 shares of $2 par value common stock outstanding. Suppose Pawtucketville declares and distributes a 6% stock dividend when the market value of its stock is $20 per share. 1. Journalize Pawtucketville's declaration and distribution of the stock dividend on May 11. An explanation is not required. 2. What was the overall effect of the stock dividend on Pawtucketville's total assets? On total liabilities? On total stockholders' equity? entries.) Journal Entry Accounts Date Debit Credit May 11 Cash Common Stock Paid-in Capital in Excess of ParCommon Choose from any list or enter any number in the input fields and then click Check