Entries for Stack Ovidends Senior Life Co. is an HMO for businesses in the Portland area. The following account balances appear on the balance sheet of Senior Life Co. Common stock (790,000 shares authorized; 8,000 shares issued), $75 pas, $600,000; Paid-In Capital in excess of par- common stock, $120,000; and Retained earnings, $0,000,000, The board of deeders declared a 2% stock dividend when the market price of the stock was $90 a share. Senior Life Co. reported no come or loss for the current year If an amount box does not require an entry, leave it blank. If no entry is required, select "No entry required" from the dropdown. al. Journalize the entry to record the declaration of the dividend, capitalizing an amount equal to market value. blank a2. Journalize the entry to record the issuance of the stock certificates. blank b. Determine the following amounts before the stock dividend was declared: (1) total paid-in capital, (2) total retained earnings, and (3) total stockholders' equity Total paid-in capital Total retained earnings Total stockholders' equity GDetermine the following amounts after the stock dividend was declared and closing entries were recorded at the end of the year: (1) total paid-in capital, (2) total retaine etlook Show Me How at. Journalize the entry to recont the declaration of the dividend, capitalizing an amount waal market val blank a2. Journalize the entry to record the issuance of the stock certificates blank b. Determine the following amounts before the stock dindend was declared: (1) total paid-in capital, (2) total amedainings, and lo Total paid-in capital Total retained earnings Total stockholders' equity c. Determine the following amounts after the stock dividend was declared and closing entries were recorded at the end of the year (1) tal-pal, t earnings, and (3) total stockholders' equity Total paid-in capital Total retained earnings Total stockholders' equity 1000 Check My Work Previous Next