stock dividend when the market value of its stock is $22 per share. Read the requirements. Requirement 1. Journalize Supreme's declaration of the stock dividend on September 15 and distribution on September 30. (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 September 15 . Now journalize the distribution of the stock dividend on September 30. journalize the distribution of the stock dividend on September 30. Requirement 2. What is the overal effect of the stock dvidend 5 n Supreme's total assets? The slock dividends have on fatal assets Requirement 3. What is the oworal eflect on total isoghiolders equily? The stock dividends tiave Supreme Water Sports has 12,000 shares of 51 par value common stock outst. stock dividend when the market value of its 5 tock is $22 per share: Requirements 1. Soumaice Supreme's declaration of the stock driddend on September 15 and distribution on September 30 . 2. What is the overall eftect of the stick dinidend on Scopreme's lofal assets? 3. What is the overali effict on total stochtolders' equily? The stoick dididetids tare on tutal assut Requirement 3. What is ine onsral ofect on tatal stackhaldars aquif? The msck cevilendu have