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Required information The following information applies to the questions displayed below.] The stockholders' equity of TVX Company at the beginning of the day on February

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Required information 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-$15 par value, 150,000 shares authorized, 65,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 975,000 525,000 675,000 $2,175,000 On February 5, the directors declare a 18% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $47 per share on February 5 before the stock dividend The stock's market value is $40 per share on February 28 1. Prepare entries to record both the dividend declaration and its distribution View transaction list Journal entry worksheet 2 Record the distribution of 18% stock dividend Note: Enter debits before credits Date General Journal Credit Debit Feb 28 Common stock dividend distributable

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