QS 11-7 Accounting for small stock dividends LO P2 Epic Inc. has 11,900 shares of $2 par value common stock outstanding. Epic declares a 24% stock dividend on July 1 when the stock's market value is $27 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 24% stock dividend. Note: Enter debits before credits. Date July 01 General Journal Debit Credit View general journal Record entry Clear entry