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Help Save & t 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-$5 par value, 150,000 shares authorized, 66,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings 330,000 525,000 675,000 Total stockholders' equity $1,530,000 On February 5, the directors declare a 16% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $35 per share on February 5 before the stock dividend. The stock's market value is $30 per share on February 28. 1. Prepare entries to record both the dividend declaration and its distribution View transaction list Journal entry worksheet 1 of 7EE Next > 3 5 6 7 8 9 Journal entry worksheet Record the dedaration of 16% stock dividend. Note: Enter debits before credits General Journal Debit Credit Date Feb 05 Common stock dividend distributable Paid-in capital in excess of par value, Common stock Retained earnings Record entry Clear entry View general journal 1 of 7 Next > 4 5 6 7 9 0 Required information Journal entry worksheet Record the distribution of 16% stock dividend. Note: Enter debits before credits. Date General Journal Debit Credit Feb 28 Record entry Clear entry View general journal lot 7 Next > 3 4 5 8

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