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

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Required Information [The following information applles to the questions displayed below) The stockholders' equity of TVX Company at the beginning of the day on February 5 follows. Common stock-$25 par valu, 160,000 shares authorised, 64,000 shares issued and outstanding Paid-in capital in excess o pax value, common stock Retained ning Total stockholders' equity $1.600,000 426.000 547.000 $3,599.000 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 $41 per share on February 5 before the stock dividend. 1. Prepare entries to record both the dividend declaration and its distribution Journal entry worksheet 1 2 Record the declaration of a 2% stock dividend. Note: Enter debits before credits. Date General Journal Debit Credit Feb 05 Record entry Clear entry View general Journal View transaction list Journal entry worksheet

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