Question
Accounting for small stock dividend LO P2 The stockholders equity section of Jun Companys balance sheet as of April 1 follows. On April 2, Jun
Accounting for small stock dividend LO P2
The stockholders equity section of Jun Companys balance sheet as of April 1 follows. On April 2, Jun
declares and distributes a 10% stock dividend. The stocks per share market value on April 2 is $20 (prior to
the dividend).
Prepare the stockholders equity section immediately after the stock dividend.
$
JUN COMPANY Stockholders Equity April (before stock dividend) | |
Common stock$5 par value, 375,000 shares authorized, 200,000 shares issued and outstanding | $ 1,000,000 |
Paid-in capital in excess of par value, common stock | 600000 |
Retained earnings | 833000 |
Total stockholders equity | $ 2,433,000 |
JUN COMPANY Stockholders Equity April (after stock dividend) | |
Common stock | $ 1,100,000 |
Paid-in capital in excess of par value, common stock |
|
Total paid-in capital |
|
Retained earnings |
|
Total stockholders equity | $ |
please show work i have can't remember how to do the equations.
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