QS 11-7 Accounting for small stock dividends LO P2 Epic Inc. has 10,400 shares of $2 par value common stock outstanding, Epic declares a 9% stock dividend on July 1 when the stock's market value is $12 per share. The stock dividend is distributed on July 20, Prepare journal entries for ( declaration and (6) distribution of the stock dividend. OK View transaction list Journal entry worksheet ences Record the declaration of a 9% stock dividend. Note: Enter debt before credits General Journal Debit Credit Date July 01 Record entry Clear entry View general journal View transaction list Journal entry worksheet 1 2 Record the distribution of 9% stock dividend. Note: Enter debits before credits. Date General Joumal Debit Credit July 20 Record entry Clear entry View general Journal