The stockholders? equity for Coeur d?Alene Marina, Inc., on December 31, 2017, follows:

On May 31, 2018, the market price of Coeur d?Alene Marina, Inc.?s common stock was $17 per share, and the company distributed a 5 percent stock dividend.

Requirements

1. Journalize the declaration and distribution of the stock dividend.

2. Prepare the stockholders? equity section of the balance sheet after the stock dividend.

Transcribed Image Text:

Stockholders' Equity Paid-in Capital: Common Stock, $1 par, 300,000 shares authorized, 90,000 issued and outstanding Paid-in Capital in Excess of Par-Common Total Paid-in Capital Retained Earnings Total Stockholders' Equity $ 90,000 360,000 450,000 330,000 $780,000