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(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.

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(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. Common stock-$10 par value, 150,000 shares authorized, 60,000 shares issued and outstanding $ 600,000 Paid-in capital in excess of par value, common stock 425,000 Retained earnings 550,000 Total stockholders' equity $1,575,000 On February 5, the directors declare a 20% stock dividend distributable on February 28 to the February 15 record. The stock's market value is $40 per share on February 5 before the stock dividend. Prepare entries to record both the dividend declaration and its distribution View transaction list Required information Journal entry worksheet Record the declaration of a 20% stock dividend. Note: Enter debits before credits. Date General Journal Debit Credit Feb 05 Record entry Clear entry View general Journal Journal entry worksheet

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