record the declaration of the stock dividend consists of a. Multiple Choice Debit Retained Earnings $2,000; credit Common Stock Dividend Distributable $2,000. Debit Common Stock Dividend Distributable $2,000; credit Retained Earnings $2,000. Debit Retained Earnings $8,000; credit Common Stock Dividend Distributable $2,000; credit Paid-in Capital in Excess of Par Value, Common Stock $6,000. Debit Retained Earnings $8,000; credit Cash $8,000. Debit Common Stock Dividend Distributable $8,000; credit Retained Earnings $2,000; Paid-in Capital in Excess of Par Value, Common Stock $6,000