Clubhouse Landing, Inc., had the following stockholders’ equity at May 31:

On June 30, Clubhouse Landing, Inc., split its common stock 5-for-1.
Requirements 1. Make any necessary entry to record the stock split.
2. Prepare the stockholders’ equity section of the balance sheet immediately after the split.

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Paid-in Capital: Stockholders' Equity Common Stock, $1 par, 300,000 shares authorized, 10,000 issued and outstanding Paid-in Capital in Excess of Par Total Paid-in Capital Retained Earnings Total Stockholders' Equity $ 10,000 20,000 $ 30,000 700,000 $730,000