UTILIFU Rad Corp. has 18,000 common shares outstanding. Rad distributes a 5 percent stock dividend when the market value of its shares is $20.50 per share. 1. Joumalize Rad's declaration of the stock dividend on May 31, 2020, and the distribution of the stock dividend on June 30, 2020. Explanations are not required. 2. What is the overall effect of the stock dividend on Rad's total assets? On total shareholders' equity? 2 w 1. Joumalize Rad's declaration of the stock dividend on May 31, 2020, and the distribution of the stock dividend on June 30, 2020. Explanations are not required Begin with the journal entry for the declaration of the stock dividend. (Record debits first, then credits.) Journal Entry Date Accounts Debit Credit May 31 DU Cash Common Shares Common Stock Dividend Distributable Next, record the Retained Earnings Treasury Shares Date Jun / 30 / Choose from any list or enter any number in the input fields and then continue to the next question MacBook Air Rad Corp. has 18,000 common shares outstanding. Rad disinbutes a 5 percent SUCR UIVIUUNU Were 1. Joumalize Rad's declaration of the stock dividend on May 31, 2020, and the distribution of the stock di 2. What is the overall effect of the stock dividend on Rad's total assets? On total shareholders' equity? May 31 Next, record the distribution of the stock dividends on June 30. Journal Entry Accounts Debit Credit Date Jun 30 Cash Common Shares Common Stock Dividend Distributable 2. What is the ou Retained Earrings Treasury Shares assets? On total shareholders' equity? The stock divide The stock dividends have on total shareholders' equity. Choose from any list or enter any number in the input fields and then continue to the next question. MacBook Air NOAL, I CUIU UD UISUUUUUULUU SIUN UIVIULUS On June 30. Journal Entry Date Accounts Debit Credit Jun. 2. What is the overall effect of the stock dividend on Rad's total assets? On total shareholders' equity? The stock dividends have on total assets. The stock dividends have on total shareholders' equity. Choose from any list or enter any number in the input fields and then continue to the next question MacBook Air W