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The stockholders' equity section of TVX Company on February $4$ follows.

Common stock$-$$$5$ par value, $150,000$ shares authorized, $63,000$

shares issued and outstanding

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

$$315,000$

Retained earnings

Total stockholders' equity

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.

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.