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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, 73,000 shares issued and outstanding $ 730,000 Paid-in capital in excess of par value, common stock 525,000 Retained earnings 675,000 Total stockholders' equity $1,930,000 On February 5, the directors declare a 14% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $46 per share on February 5 before the stock dividend. The stock's market value is $40 per share on February 28. 1. Prepare entries to record both the dividend declaration and its distribution. View transaction list Journal entry worksheet 1 2 Record the declaration of 14% stock dividend. Note: Enter debits before credits Date General Journal Debit Credit Feb 05 Record entry Clear entry View general journal

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