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(Dividend Entries) The following data were taken from the balance sheet accounts of Bonds Corporation on December 31, 2013. Current assets $540,000 Investments $624,000 Common

(Dividend Entries) The following data were taken from the balance sheet accounts of Bonds Corporation on December 31, 2013.
Current assets $540,000
Investments $624,000
Common stock, (par value $10) $500,000
Paid-in capital in excess of par $150,000
Retained earnings $840,000
Instructions: FILL in all Charts and show formula's
Prepare the required journal entries for the following unrelated items:
(a) A 5% stock dividend is declared and distributed at a time when the market
value of the shares is $39 per share.
Account Title Formula
Account Title Formula
Account Title Formula
Account Title Amount
Account Title Amount
(b) The par value of the capital stock is reduced to $2 with a 5-for-1 stock split
Text entry as appropriate.
(c) A dividend is declared January 5, 2014, and paid January 25, 2014, in bonds held as an investment.
The bonds have a book value of $100,000 and a fair value of $135,000
Jan 05, 14 Account Title Amount
Account Title Amount
Jan 05, 14 Account Title Amount
Account Title Amount
Jan 25, 14 Account Title Amount
Account Title Amount

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