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The stackhoiders' cquity section of TVX Company on February $4$ fol lows.

Journal entry worksheet

record. The slock's markel value is $$31$ per share or February $5$ before the silock dividerd.

Prepare entries to record both the dividend declaration and its distribution.

Record the distribution of a $2\%$ stock dividend.

Journal entry worksheet

Note: Enter debits before credits.

Record the declaration oz a $2\%$ stock dividend. The stockholders$$ equity section of TVX Company on February $4$ follows.View transaction list

Journal entry worksheet

Record the distribution of a $2\%$ stock dividend.

$\backslash$table$[[$Note: Enter debits before credits.$],[\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$February $28,,,],[,,,],[,,,],[,,,],[,,,]]]]$

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Common stock$$$$10$ par value, $150,000$ shares authorized, $60,000$ shares issued and outstanding $ $600,000$

Paid$-$in capital in excess of par value, common stock $423,000$

Retained earnings $554,000$

Total stockholders$$ equity $ $1,577,000$

On February $5,$ the directors declare a $2\%$ stock dividend distributable on February $28$ to the February $15$ stockholders of record. The stock$$s market value is $$31$ per share on February $5$ before the stock dividend.

$1.$ Prepare entries to record both the dividend declaration and its distribution. Record the declaration of a $2\%$ stock dividend. Record the distribution of a $2\%$ stock dividend.