QS 11-1 Accounting for small stock dividends LO P2 Epic Inc. has 10,700 shares of $2 par value common stock outstanding. Epic declares a 12% stock dividend on July 1 when the stock's market value is $15 per share. The stock dividend is distributed on July 20. Prepare journal entries for (a) declaration and (b) distribution of the stock dividend. View transaction list Journal entry worksheet 1 2 > Record the declaration of a 12% stock dividend. Note: Enter debits before credits. Date General Journal Debit Credit July 01