Retu Required information Exercise 11-6 Stock dividends and per share book values LO P2 [The following information applies to the questions displayed belowl The stockholders' equity of TVX Company at the beginning of the day on February 5 follows Common stock $10 par value, 150,000 shares authorized, 63,000 shares issued and outstanding 630,000 Paid-in capital in excess of par value, common stock525,000 675,000 $1,830,00e Retained earnings Total stockholders' equity On February 5, the directors declare a 10% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $33 per share on February 5 before the stock dividend. The stock's market value is $30 per share on February 28 xercise 11-6 Part1 February 5, the directors declare a 10% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $33 per share on February 5 before the stock dividend. The stock's market value is $30 per share on February 28. Exercise 11-6 Part 1 1. Prepare entries to record both the dividend declaration and its distribution 8 Answer is complete but not entirely correct General Journal No Date Feb 05 Debit re 207,900 Retained earnings 1 600 51,200 Common stock dividend distributable Paid-in capital in excess of par value, Common stock 201,600 3 2Feb 28Common stock dividend distributable 201,600 Common stock. $0.50 par value Score answer K Prev4 5 6 f