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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-$15 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-$15 par value, 150,000 shares authorized, 60,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 900,000 421,000 553,000 $ 1,874,000 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. 1. Prepare entries to record both the dividend declaration and its distribution 1 View transaction list View journal entry worksheet Debit Credit Credit No Date 1 February 05 General Journal Retained earnings Common stock dividend distributable Paid-in capital in excess of par value, Common stock .. Nevt

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