Entries for Stock Dividends Advanced Life Co. is an HMO for businesses in the Albuquerque area. The following account balances appear on the balance sheet of Advanced Life Co.: Common stock (390,000 shares authorized; 5,000 shares issued), $75 par, $375,000; Paid-in capital in excess of par common stock, $75,000; and Retained earnings, $4,500,000. The board of directors declared a 1% stock dividend when the market price of the stock was $100 a share. Advanced Life Co. reported no income or loss for the current year. a1. Journalize the entry to record the declaration of the dividend, capitalizing an amount equal to market value. If an amount box does not require an entry, leave it blank. Stock Dividends fill in the blank f9f3a001300704a_2 fill in the blank f9f3a001300704a_3 Stock Dividends Distributable fill in the blank f9f3a001300704a_5 fill in the blank f9f3a001300704a_6 Paid-In Capital in Excess of Par-Common Stock fill in the blank f9f3a001300704a_8 fill in the blank f9f3a001300704a_9 Feedback Recall that a stock dividend affects only stockholders' equity. a2. Journalize the entry to record the issuance of the stock certificates. If an amount box does not require an entry, leave it blank. Stock Dividends Distributable fill in the blank 091d98fba05ffe7_2 fill in the blank 091d98fba05ffe7_3 Common Stock fill in the blank 091d98fba05ffe7_5 fill in the blank 091d98fba05ffe7_6 Feedback Partially correct 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 $fill in the blank a49105f9c02405f_1 Total retained earnings $fill in the blank a49105f9c02405f_2 Total stockholders' equity $fill in the blank a49105f9c02405f_3 c. Determine 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 retained earnings, and (3) total stockholders' equity. Total paid-in capital $fill in the blank a49105f9c02405f_4 Total retained earnings $fill in the blank a49105f9c02405f_5 Total stockholders' equity $fill in the blank a49105f9c02405f_6