Score: 0 of 5 pts 17 of 18 (11 complete) HW Score: 66.02%, 111.58 of 169 pts S13-9 (similar to) Question Help Supreme Water Sports has 11,000 shares of $3 par value common stock outstanding Supreme distributes a 5% stock dividend when the market value of its stock is $20 per share. Read the requirements Requirement 1. Journalize Supreme's declaration of the stock dividend on July 15 and distribution on July 31. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Start by journalizing the declaration of the stock dividend on July 15. Date Accounts and Explanation Debit Credit Jul. 15 0 Requirements 1. Journalize Supreme's declaration of the stock dividend on July 15 and distribution on July 31. 2. What is the overall effect of the stock dividend on Supreme's total assets? 3. What is the overall effect on total stockholders' equity? Print Done Choose from any list or enter any number in the input fields and then click Check Answer. 2 parts Clear All 3 remaining Chock Answers Check