Required information Exercise 11-8 Small stock dividends 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-520 par value, 150,000 shares authorized, 64,000 shares issued and outstanding Paid in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,280,000 420,000 549,000 $2,249,000 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. Journal entry worksheet 1 2 > Record the declaration of a 2% stock dividend. Note: Enter debits before credits. Date General Journal Debit Credit Feb 05