Planet Travel Ltd is authorized to issue 575,000 common shares. As of December 31, 2019, the company had issued 75,000 shares at $11.00 per share and its Retained Earnings balance was $235,000 Oum Jun 10 Declared a 20 percent stock dividend, using the market value of $7.50 per share Jul 20 Distributed the stock dividend Aug 5 Declared a $0.65 per share cash dividend. Date of record is August 21 Sep. 15 Paid the cash dividend declared on August 5 Required Requirement 1. Journalize the declaration and distribution of the stock dividend Begin by journalizing the declaration of the stock dividend (Record debits first, then credits. Explanations are not required.) Date Jum 10 Journal Entry Accounts Debit Credit Journal Entry Accounts Debit Credit Now, journalize the distribution of the stock dividend Dale 20 o 0 C D 00 O 0 T