QS 13-7 Accounting for small stock dividends LO P2 Epic Inc. has 10,300 shares of $2 par value common stock outstanding. Epic declares a 8% stock dividend on July 1 when the market value is $11 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 Record the declaration of a 8% stock dividend. Note: Enter debits before credits Credit Debit Date General Journal July 01 QS 13-7 Accounting for small stock dividends LO P2 Epic Inc. has 10,300 shares of $2 par value common stock outstanding. Epic declares a 8% stock dividend on July 1 when the stock's market value is $11 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