Due in 46 minutes. Due Tue 04/17/2018 5:00 pm Ruby Red Corp. stockholder's equity section of the balance sheet looks like this on July 30 Stockholder's Equity Common Stock, $2 par, 200,000 shares authorized, 150,000 75,000 shares issued and outstanding Paid in Capital in excess of Par Value, Common Stock Total Paid in Capital Retained Earnings Total Stockholder's Equity 550,000 700,000 585,000 1,285,000 a) Prepare the journal entry to record a 10% stock dividend declared and distributed on July 31 when the market rate was $24 per share. Date Description Debit Credit July 31 b) Post the entries to the T-accounts provided. Retained Earnings Paid in Capital in Excess of Par Value, Common Stock c) Show how the stockholder's equity section of the balance sheet will look after this transaction Stockholder's Equity: Common Stock, $2 par, 200,000 shares authorized, shares issued and outstanding Paid in Capital in excess of Par Value, Common Stock Total Paid in Capital Retained Earnings Total Stockholder's Equity |