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The stockholders' equity section of TVX Company on February 4 follows: Common stock-$25 par value, 150, eee shares authorized, 63, eee Shares issued and outstanding
The stockholders' equity section of TVX Company on February 4 follows: Common stock-$25 par value, 150, eee shares authorized, 63, eee Shares issued and outstanding $ 1,575,000 Paid in capital in excess of par value, common stock 428,00 Retained earnings 553,000 Total stockholders' equity $ 2,556,000 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. 1. Prepare entries to record both the dividend declaration and its distribution. View transaction list Journal entry worksheet Record the declaration of a 2% stock dividend. Note: Enter debits before credits General Journal Debit Credit Date February 05 1. Prepare entries to record both the dividend declaration and its distribution View transaction list Journal entry worksheet Record the distribution of a 2% stock dividend. Note: Enter debits before credits General Journal Debit Credit Dato February 28
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