[The following information applies to the questions displayed below.] The stockholders equity section of TVX Company on February 4 follows. Common stock$20 par value, 150,000 shares authorized, 63,000 shares issued and outstanding $ 1,260,000 Paid-in capital in excess of par value, common stock 424,000 Retained earnings 552,000 Total stockholders equity $ 2,236,000 On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders of record. The stocks market value is $36 per share on February 5 before the stock dividend.

1. Prepare entries to record both the dividend declaration and its distribution.

Journal entry worksheet Record the declaration of a 2% stock dividend. Note: Enter debits before credits. Journal entry worksheet Record the distribution of a 2% stock dividend. Note: Enter debits before credits