12.10

Entries for Stock Dividends Healthy Life Co is an HMO for businesses in the Fresno area. The following account balances appear on Healthy Life's balance sheet: common stock (380,000 shares authorized : 4,000 shares issued), $25 par, $100,000; Pald-In Capital in excess of par--common stock, $12,000; and retained earnings, $1,100,000. The board of directors declared a 1% stock dividend when the market price of the stock was $31 a share. Healthy Life reported no income or loss for the current year. If no entry is required, select "No entry required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank. al. Journalize the entry to record the declaration of the dividend, capitalizing an amount equal to market value 69 a2. Joumalize the entry to record the Issuance of the stock certificates, b. Determine the following amounts before the stock dividend was declared: (1) total paldin capital (2) total retained earnings, and (3) total stockholdinquity Total pald-in capital Total retained earnings 9 a2. Journalize the entry to record the issuance of the stock certificates 88 b. Determine the following amounts before the stock dividend was declared: (1) total pald-in capital, (2) total retained earnings, and (a) total stockholders' equity. Total paid-in capital Total retained earnings Total stockholders equity c. Determine the following amounts after the stock dividend was declared and closing entries were recorded at the end of the Year: (1) rotal paid in capital, (2) total retained earnings and (a) total stockholders' equity. Total paid-in capital Total retained eamings Total stockholdersequity