E14-3 Redwood Construction, Inc.. had the following stockholders' equity at May 31: Common stock. $4 par, 200,000
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E14-3 Redwood Construction, Inc.. had the following stockholders' equity at May 31: Common stock. $4 par, 200,000 shares authorized, 50.000 shares issued Paid-in capital in excess of par Retained earnings...... Total stockholders' equity. $200,000 100,000 210,000 $510,000 On November 6. Redwood split its $4 par common stock 4 for 1. Make the necessary entry to record the stock split, and prepare the stockholders' equity section of the balance sheet immediately after the split.
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Related Book For
Accounting
ISBN: 9780130906991
5th Edition
Authors: Charles T. Horngren, Walter T. Harrison, Linda S. Bamber, Betsy Willis, Becky Jones
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