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Sovet It A corporation had 30,000 shares of $14 par value common stock outstanding. The board of directors declared and issued a 50% stock dividend.

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Sovet It A corporation had 30,000 shares of $14 par value common stock outstanding. The board of directors declared and issued a 50% stock dividend. The market value of the stock was $34 per share. What is the journal entry to record this stock dividend? Multiple Choice O Debit Retained Earnings and credit Cash for $210,000 Debit Retained Earnings and credit Common Stock for $210,000, Debit Retained Earings for $720,000, credit Common Stock for $210,000, and credit Additional Paid-in Capital for $510,000. Debit Retained Earnings for $510,000, credit Common Stock for $210.000, and credit Additional Paid-in Capital for $300,000 Debit Retained Earnings and credit common stock for $510.000. D

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