The stockholders equity of TVX Company at the beginning of the day on February 5 follows.

Common stock$20 par value, 150,000 shares authorized, 58,000 shares issued and outstanding	$	1,160,000
Paid-in capital in excess of par value, common stock		427,000
Retained earnings		553,000
Total stockholders equity	$	2,140,000

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 $31 per share on February 5 before the stock dividend.

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

Record the declaration of a 2% stock dividend. Note: Enter debits before credits. Date General Journal Debit Credit Feb 05 Record the distribution of a 2% stock dividend. Note: Enter debits before credits. Date General Journal Debit Credit Feb 28