[The following information applies to the questions displayed below.] The stockholders' equity section of TVX Company on February 4 follows. Common stock-$25 par value, 150,000 shares authorized, 63,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity 1. Prepare entries to record both the dividend declaration and its distribution. 7 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 $41 per share on February 5 before the stock dividend. View transaction list No 1 2 Date View journal entry worksheet February 05 February 28 General Journal Retained earnings Common stock dividend distributable Paid-in capital in excess of par value, Common stock $ 1,575,000 423,000 549,000 $ 2,547,000 Common stock dividend distributable Debit 51,660 31,500 Credit 39,750 (11,910)

[The following information applies to the questions displayed below.] The stockholders' equity section of TVX Company on February 4 follows. 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 $41 per share on February 5 before the stock dividend. 1. Prepare entries to record both the dividend deciaration and its distribution