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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-$15 par value, 150,808 shares authorized, 60,800 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 988,888 426,000 552,000 $1,878,000 On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $36 per share on February 5 before the stock dividend. Exercise 11-8 Part 1 1. Prepare entries to record both the dividend declaration and its distribution View transaction list Journal entry worksheet View transaction list Journal entry worksheet

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