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Required information [The following information applies to the questions displayed below.) The stockholders' equity of...

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Accounting

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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-525 par value, 150,000 shares authorized, 62,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,550,000 430,000 546,000 $2,526,000 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 Journal entry worksheet 2 Record the distribution of a 2% stock dividend. Note: Enter debits before credits Dato Feb 28 General Journal Dobit Credit Record entry Clear entry View general Journal

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