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TellCom has 140,000 shares of $35 par value common stock outstanding On April 8, 2020 the company declared a 55% stock dividend. The current market

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TellCom has 140,000 shares of $35 par value common stock outstanding On April 8, 2020 the company declared a 55% stock dividend. The current market value of the stock was 562 per common share. The company issued the shares of stock to stockholders on June 1, 2020. On June 1, the journal entry should include which of the following: Select one: a. A credit to Stock Dividends Distributable for $4.774,000 b. A debit to Stock Dividends Distributable for $4,774,000 O C. A debit to Retained Earnings for $2,695,000 d. A debit to Stock Dividends Distributable for $2,695.000

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