Ava Company

Debit to Retained Earnings

Please answer promptly and show all work/calculations. Thank you!

HIVIUVIIS LU dlluller quesLIUIT WIII Save LiSTesponse. >> Question 4 0.5 points Save Answer The shareholders' equity of Ava Company on January 1, 2017, included the following: Common stock, $1.8 par; authorized, 800,000 shares; $216,495 You will need to calculate the issued shared Paid-in capitalexcess of par 78,928 Retained earnings a $500,000 On April 1, 2017, the board of directors of Ava declared a 17% stock dividend on common shares, to be distributed on June 1. The market price of Ava's common stock was $10 on April 1, 2016, and $17 on June 1, 2016. On April 1, the debit to Retained Earnings is $ > A Moving to another question will save this response. >>