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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

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed 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. 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. Prepare entries to record both the dividend declaration and its distribution. Journal entry worksheet Record the declaration of a 2% stock dividend. Note: Enter debits before credits. Prepare entries to record both the dividend declaration and its distribution. Journal entry worksheet Record the distribution of a 2% stock dividend. Note: Enter debits before credits. 2. Prepare the stockholders' equity section after the stock dividend is distributed. (Assume no other changes to equity.) Answer is not complete. TVX COMPANY Stockholders' Equity Section of the Balance Sheet February 28 Common stock-\$15 par value Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $0

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