Required information Exercise 11-6 Stock dividends and per share book values LO P2 [The following information applies to the questions displayed below) The stockholders' equity of TVX Company at the beginning of the day on February 5 follows: Common stock-55 par value, 150,000 shares authorized, 58,000 shares issued and outstanding Paid-in capital in excess of par value, cormon stock Retained earnings Total stockholders equity $ 290,000 525,000 675,000 $1,490,000 On February 5, the directors declare a 12% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $34 per share on February 5 before the stock dividend. The stock's market value is $30 per share on February 28 1. Prepare entries to record both the dividend declaration and its distribution. View transaction list Journal entry worksheet Record the declaration of 12% stock dividend. Note: Enter debits before credits Date General Journal Feb 05 Paid-in capital in excess of par value, Common stock Common stock dividend distributable Debit Credit 52,500 10 Record entry Clear entry View general Journal Journal entry worksheet