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Required information [The following information applies to the questions displayed below) The stockholders' equity section of TVX Company on February 4 follows. Common stock-$10 par

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Required information [The following information applies to the questions displayed below) The stockholders' equity section of TVX Company on February 4 follows. Common stock-$10 par value, 150,000 shares authorized, 58,000 shares Issued and outstanding $ 580,000 Paid in capital in excess of par value, comon stock 427,000 Retained earnings 552.000 Total stockholders' equity $ 1,559,000 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 1. 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. General Journal Debit Credit Date February 05 Record entry CICLenty Whawa Journal entry worksheet Record the distribution of a 2% stock dividend. Note: Enter debits before credits. Date General Journal Debit Credit February 28 Record entry Clear entry View general journal

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