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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.
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. 2 Common stock-$5 par Value, 15e, dee shares authorized, 56,000 shares issued and outstanding Paid in capital in excess of par value, common stock Retained eamings Total stockholders' equity $ 28,00 428,000 546,00 $1,254, eee 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 13-3 Accounting for par, stated, and no-par stock Issuances LO P1 1. Prepare entries to record both the dividend declaration and its distribution View transactions Journal entry worksheet 1 2 Record the declaration of a 2% stock dividend. Notices Date General Journal Dubit dredi Feb 05
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