Required information Exercise 13-8 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-55 par value, 150,000 shares authorized, 56,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 280,000 423,000 550.000 $1,253,000 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 $41 per share on February 5 before the stock dividend. Exercise 13-8 Part 1 1. Prepare entries to record both the dividend declaration and its distribution, View transaction at Journal entry worksheet 1 2 > Record the declaration of a 2% stock dividend. Note: Enter debits before credits. Date Debit Credit Feb 05 General Journal Retained earnings Common stock dividend distributable Paid-in capital in excess of par value, Common stock Record entry Clear entry View general journal Journal entry worksheet