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Check my work HiTech Manufacturing Company has 1,000,000 shares of S1 par valuelcapital stock outstanding on January 1 The following equity transactions occurred during the
Check my work HiTech Manufacturing Company has 1,000,000 shares of S1 par valuelcapital stock outstanding on January 1 The following equity transactions occurred during the current year apital stock outstanding on January 1. The Apr. 30 Distributed additional shares of capital stock in a 2-for-1 stock split. Market price of stock was $3e per June 1 Declared a cash dividend of $e.59 per share. Duly 1 Paid the $0.59 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. ints share. eBook 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 Print a cash dividend, declaration and distribution of a stock dividend. References Complete this question by entering your answers in the tabs below. Required A Required B Required CRequired D Prepare journal entries to record the above transactions. (If no entry is required for a transaction/event, sel entry required" in the first account field.) ect "No journal View transaction list Journal entry worksheet 3 4 Record the stock split
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