undefined

3 Epic Inc. has 12,000 shares of $2 par value common stock outstanding. Epic declares a 25% stock dividend on July 1 when the stock's market value is $28 per share. The stock dividend is distributed on July 20. 9 points Prepare journal entries for (a) declaration and (b) distribution of the stock dividend. View transaction list Journal entry worksheet Record the declaration of a 25% stock dividend. Note: Enter debits before credits. Debit Credit Date July 01 General Journal Retained earnings Common dividend payable 6,000 6,000 Record entry Clear entry View general journal