The stockholders' equity of Lakeshore Occupational Therapy, Inc. on December 31, 2023, follows: Click the icon to view the data.) (Click the icon to show additional information.) Read the requirements Requirement 1. Journalize the declaration and distribution of the stock dividend. (Record debits first, then credits. Select the explanation on the last line of the journal entry table) First, journalize the declaration of the stock dividend. Date Accounts and Explanation Apr. 30 Debit Credit Results Read the requirements Study Plan I Data table Requirement 1. Journalize the declarati table) ation on the Multimedia Libra First, journalize the declaration of the std Chapter Resource Date Acco Dynamic Study M Apr. 30 Communication 1 Stockholders' Equity Pald-In Capital: Common Stock-$2 Par Value: 1,350 shares authorized, 980 shares issued and outstanding $ Pald-In Capital in Excess of Par-Common Total Paid-In Capital Retained Earnings Total Stockholders' Equity $ 1.960 3.920 Accessible Resou 5,880 128,000 133,880 Print Done Now journalize the distribution of the stock dividend. When the company distributes (issues) the dividend shares, it will debit (decrease) the Common Stock Dividend Distributable account and increase (credit) the Common Stock account for the par value of the dividend shares. Record the journal entry. Date Accounts and Explanation Debit Credit May 15 way Stockholders' Equity Paid-In Capital: Total Paid-In Capital Total Stockholders' Equity Skip ahead Calculator Print Clear all Check ar solve this Bomann The stockholders' equity of Lakeshore Occupational Therapy, Inc. on December 31, 2023, follows: Click the icon to view the data.) (Click the icon to show additional information.) Read the requirements Requirement 1. Journalize the declaration and distribution of the stock dividend. (Record debits first, then credits. Select the explanation on the last line of the journal entry table) First, journalize the declaration of the stock dividend. Date Accounts and Explanation Apr. 30 Debit Credit Results Read the requirements Study Plan I Data table Requirement 1. Journalize the declarati table) ation on the Multimedia Libra First, journalize the declaration of the std Chapter Resource Date Acco Dynamic Study M Apr. 30 Communication 1 Stockholders' Equity Pald-In Capital: Common Stock-$2 Par Value: 1,350 shares authorized, 980 shares issued and outstanding $ Pald-In Capital in Excess of Par-Common Total Paid-In Capital Retained Earnings Total Stockholders' Equity $ 1.960 3.920 Accessible Resou 5,880 128,000 133,880 Print Done Now journalize the distribution of the stock dividend. When the company distributes (issues) the dividend shares, it will debit (decrease) the Common Stock Dividend Distributable account and increase (credit) the Common Stock account for the par value of the dividend shares. Record the journal entry. Date Accounts and Explanation Debit Credit May 15 way Stockholders' Equity Paid-In Capital: Total Paid-In Capital Total Stockholders' Equity Skip ahead Calculator Print Clear all Check ar solve this Bomann