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could i get some help with the last part of this question. 12/15/17 Juno Corporation's stockholders' equity section at December 31, 2016 appears below: Stockholder's
could i get some help with the last part of this question. 12/15/17
Juno Corporation's stockholders' equity section at December 31, 2016 appears below: Stockholder's equity Paid-in capital Common stock, $10 par, 60,000 outstanding Paid-in capital in excess of par Total paid-in capital Retained earnings Total stockholder's equity $600,000 150,000 $750,000 150,000 $900,000 On June 30, 2017, the board of directors of Juno Corporation declared a 20% stock dividend, payable on July 31, 2017, to stockholders of record on July 15, 2017. The fair value of Juno Corporation's stock on June 30, 2017, was $15. On December 1, 2017, the board of directors declared a 2 for 1 stock split effective December 15, 2017. Juno Corporation's stock was selling for $20 on December 1, 2017, before the stock split was declared. Par value of the stock was adjusted. Net income for 2017 was $190,000 and there were no cash dividends declared. Prepare the journal entries on the appropriate dates to record the stock dividend and the stock split. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Credit Date Account Titles and Explanation 6/30/17 stock Dividends Debit 180,000 T 180.000 Common Stock Dividends Distributable 120,000 | Paid-in Capital in Excess of Par-Common Stock IL 60,000 7/15/17 No Entry T No Entry xml> 7/31/17 Common Stock Dividends Distributable 120,000 Common Stock T 120,000 12/1/17 No Entry No Entry 12/15/17Step by Step Solution
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