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The stockholders' equity of TVX Company at the beginning of the day on February 5 follows Common stock-$15 par value, 150,000 shares authorized, 50,000 shares

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The stockholders' equity of TVX Company at the beginning of the day on February 5 follows Common stock-$15 par value, 150,000 shares authorized, 50,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity 750,000 525.000 675000 s 1950000 On February 5, the directors declare a 12% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $45 per share on February 5 before the stock dividend. The stock's market value is $40 per share on February 28. 3.00 points 1. Prepare entries to record both the dividend declaration and its distribution. Journal entry worksheet Record the distribution of 12% stock dividend. Note: Enter debits before credits Date Debit Credit Feb 28

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