! Required information Exercise 11-10 (Algo) Small stock dividend LO P2 (The following information applies...
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! Required information Exercise 11-10 (Algo) Small stock dividend LO P2 (The following information applies to the questions displayed below.) The stockholders' equity section of TVX Company on February 4 follows. Common stock-$25 par value, 150,000 shares authorized, 60,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 1,500,000 424,000 546,000 $ 2,470,000 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 $31 per share on February 5 before the stock dividend. 1. Prepare entries to record both the dividend declaration and its distribution. View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 February 05 Retained earnings Common stock dividend distributable Paid-in capital in excess of par value, Common stock
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