uilt Problems Saved Help ! Required information 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-$10 par value, 150,000 shares authorized, 71,800 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 710,000 525,000 675,000 $1,910,000 On February 5, the directors declare a 18% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $47 per share on February 5 before the stock dividend. The stock's market value is $40 per share on February 28, 1. Prepare entries to record both the dividend declaration and its distribution View transaction list rch RI E a $ $ hp 1. Prepare entries to record both the dividend declaration and its distribution. View transaction list Journal entry worksheet 1 2 > Record the declaration of 18% stock dividend. Note: Enter debits before credits. Date Credit Feb 05 General Journal Retained earnings Common stock dividend distributable Debit 600,660 Required information 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-$10 par value, 150,000 shares authorized, 71,000 shares issued and outstanding Paid in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 710,000 525,000 675,000 $1,910,000 On February 5, the directors declare a 18% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $47 per share on February 5 before the stock dividend. The stock's market value is $40 per share on February 28. 1. Prepare entries to record both the dividend declaration and its distribution Total stockholders' equity $1,910,000 On February 5, the directors declare a 18% stock dividend distributable on February 28 to the February 15 stockholders record. The stock's market value $47 per share on February 5 before the stock dividend. The stock's market value is $40 per share on February 28. 1. Prepare entries to record both the dividend declaration and its distribution View transaction list Journal entry worksheet