Entries for Stock Dividends Healthy Life Co. is an HMO for businesses in the Fresno area. The following account balances appear on Healthy Life's balance sheet: Common stock (360,000 shares authorized ; 5,000 shares issued), $50 par, $250,000; Paid-In Capital in excess of par-common stock, $50,000; and Retained earnings, $2,750,000. The board of directors declared a 2% stock dividend when the market price of the stock was $61 a share. Healthy Life reported no income or loss for the current year. If no entry is required, select "No entry required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank. k al. Journalize the entry to record the declaration of the dividend, capitalizing an amount equal to market value. If no entry is required, select "No entry required and leave the amount boxes blank. If an amount box does not require an entry, leave it blank. al. Journalize the entry to record the declaration of the dividend, capitalizing an amount equal to market value. Stock Dividends 610,000 X Stock Dividends Distributable 500,000 X Paid In Capital in Excess of Par Common Stock 110,000 X Feedback Check My Work al. Recall that a stock dividend affects only stockholders' equity. 2. Journalize the entry to record the issuance of the stock certificates, 500,000 X Stock Dividends Distributable Common Stock 500,000 X Feedback ebook Show Me How Pri tem b. Determine the following amounts before the stock dividend was declared: (1) total padinital (2) total retard earnings, and total stockholders' equity Total paid in capital 3,000,000 X Total retained earnings 2,750,000 Total stockholders' equity 5,750,000 Determine the following amounts after the stock divident was declared and dosing entries were recorded at the end of the year: (1) total aid capital) total retained carning, and (3) total stockholders' equity Total paid in capital 3,610,000 x Total retained earnings 2.140,000 x Total stockholders' equity 5,750,000 X WOW b. c. Identity the balances of all the guy accounts before the stock dividend. What affect does a stock dividend have on the equity on what ) Increase and what counts) would decrease? MW Party.com