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there are 2 PARTS to the question. please make sure you do ALL 2 PARTs only do it on the computer cant read handwritten notes

there are 2 PARTS to the question. please make sure you do ALL 2 PARTs only do it on the computer cant read handwritten notes thanks image text in transcribed
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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-$25 par value, 150,000 shares authorized, 56,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,400,000 423,000 553,000 $2,376,000 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 $41 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 2 Record the declaration of a 2% stock dividend. Note: Enter debits before credits. Debit General Journal Credit Date Feb 05 View general journal Record entry Clear entry View transaction list Journal entry worksheet 1 Record the distribution of a 2% stock dividend. Note: Enter debits before credits. General Journal Debit Credit Date Feb 28 Record entry Clear entry View general journal

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