Return to q 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: Part 1 of 3 Common stock-$10 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 600,000 425,000 550,000 $1,575,000 points 02:24:40 On February 5, the directors declare a 20% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $40 per share on February 5 before the stock dividend. The stock's market value is $33.40 per share on February 28. 1. Prepare entries to record both the dividend declaration and its distribution. Answer is not complete. No Date General Journal Debit Credit Feb 05 Retained earnings 48,000 Common stock dividend distributable 12,000 Paid-in capital in excess of stated value, common stock Common stock, $20par value 36,000