400 (2021F-ACCT-21 12 Homework Saved Exercise 12.8 (Algo) Cash Dividends, Stock Dividends, and Stock Splits (L012-4) ok HiTech Manufacturing Company has 1,000,000 shares of $1 par value capital stock outstanding on January 1. The following equity transactions occurred during the current year. Apr. 30 Distributed additional shares of capital stock in a 2-for-1 stock split. Market price of stock was $25 per share. June 1 Declared a cash dividend of $0.65 per share. July 1 Paid the $0.65 cash dividend to stockholders. Aug 1 Declared a 5 percent stock dividend. Market price of stock was $19 per share. Sept. 10 Issued shares resulting from the 5 percent stock dividend declared on August 1. a. Prepare journal entries to record the above transactions. b. Compute the number of shares of capital stock outstanding at year-end. c. What is the par value per share of HiTech Manufacturing stock at the end of the year? d. Determine the effect of each of the following on total stockholders' equity: stock split, declaration and payment of a cash dividend, declaration and distribution of a stock dividend. 1 ces Complete this question by entering your answers in the tabs below. Required A Required B Required Required D Prepare journal entries to record the above transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 4 5 omplete this question by entering your answers in the tabs below. Required A Required B Required C Required D Prepare journal entries to record the above transactions. (If no entry is required for a transaction/event, se required" in the first account field.) View transaction list Journal entry worksheet Record the stock split. Note: Enter debits before credits. Date General Journal Debit Credit Apr. 30 Record entry Clear entry View general journal Trom the 5 percent stock dividend declared a. Prepare journal entries to record the above transactions. b. Compute the number of shares of capital stock outstanding at year-end. c. What is the par value per share of HiTech Manufacturing stock at the end of the yea d. Determine the effect of each of the following on total stockholders' equity: stock sp declaration and distribution of a stock dividend. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Compute the number of shares of capital stock outstanding at year-end. Number of shares a. Prepare journal entries to record the above transactions, b. Compute the number of shares of capital stock outstanding at year-end. c. What is the par value per share of HiTech Manufacturing stock at the end of the year? d. Determine the effect of each of the following on total stockholders' equity: stock split, declaration and payment of a cash dividend, declaration and distribution of a stock dividend. Complete this question by entering your answers in the tabs below. Required a Required B Required cRequired D What is the par value per share of HiTech Manufacturing stock at the end of the year? (Round your answer to 2 decimal places.) Par value per share Manufacturing stock at the end of the year? d. Determine the effect of each of the following on total stockholders' equity: stock split, declaration and payment of a ca declaration and distribution of a stock dividend. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Determine the effect of each of the following on total stockholders' equity: stock split, declaration and payment of a cash dividend, declaration and distribution of a stock dividend. (Your answers should be increase, decrease, or no effect.) Stock split Declaration/payment of cash dividend Declaration/distribution of stock dividend