Required Information Exercise 11-10 (Algo) Small stock dividend LO P2 [The following information applies to the questions displayed below] The stockholders' equity section of TVX Company on February 4 follows. Common stock-$25 par value, 150,eee shares authorized, 62,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings $ 1,550,000 422,000 548,000 Total stockholders' equity $ 2,520,000 On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $36 per share on February 5 before the stock dividend. Exercise 11-10 (Algo) Part 1 1. Prepare entries to record both the dividend declaration and its distribution. View transaction list Journal entry worksheet 1 2 Record the declaration of a 2% stock dividend. Note: Enter debits before credits. Date February 05 General Journal Debit Credit Record entry Clear entry View general journal Required Information Exercise 11-10 (Algo) Small stock dividend LO P2 [The following information applies to the questions displayed below] The stockholders' equity section of TVX Company on February 4 follows. Common stock-$25 par value, 150, eee shares authorized, 62,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings $1,550,000 422,000 548,000 Total stockholders' equity $ 2,520,000 On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders c record. The stock's market value is $36 per share on February 5 before the stock dividend. Exercise 11-10 (Algo) Part 1 1. Prepare entries to record both the dividend declaration and its distribution. View transaction list Journal entry worksheet < 1 Record the distribution of a 2% stock dividend. Note: Enter debits before credits. Date February 28 General Journal Debit Credit Record entry Clear entry View general journal Required Information Exercise 11-10 (Algo) Small stock dividend LO P2 [The following Information applies to the questions displayed below] The stockholders' equity section of TVX Company on February 4 follows. Common stock-$25 par value, 150,000 shares authorized, 62,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 1,550,000 422,000 548,000 $ 2,520,000 On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $36 per share on February 5 before the stock dividend. Exercise 11-10 (Algo) Part 2 2. Prepare the stockholders' equity section after the stock dividend is distributed. (Assume no other changes to equity) TVX COMPANY Stockholders' Equity Section of the Balance Sheet February 28 Total stockholders' equity +