Entries for Stock Dividends Healthy Life Co is an HMO for businesses in the Fresno area The following account balances appear on Healthy Lifes balance sheet Common stock (240,000 shares authorized 3,000 shares issued), $100 par, $300,000 Paid In Capital in excess of parcommon stock, $60,000 and Retained earnings, $2,700,000 The board of directors declared a 2 stock dividend when the market price of the stock was $136 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 Question Content Area a1 Journalize the entry to record the declaration of the dividend, capitalizing an amount equal to market value blank CashNo Entry RequiredPaid In Capital in Excess of Par Common StockStock DividendsStock Dividends Distributable Select Select CashNo Entry RequiredStock DividendsStock Dividends DistributableTreasury Stock Select Select CashCommon StockNo Entry RequiredPaid In Capital in Excess of Par Common StockStock Dividends Select Select Question Content Area a2 Journalize the entry to record the issuance of the stock certificates blank Common StockNo Entry RequiredPaid In Capital in Excess of Par Common StockStock DividendsStock Dividends Distributable Select Select Common StockNo Entry RequiredPaid In Capital in Excess of Par Common StockStock DividendsStock Dividends Distributable Select Select Question Content Area 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 f057caf5bffffb8 1 Total retained earnings $fill in the blank f057caf5bffffb8 2 Total stockholders' equity $fill in the blank f057caf5bffffb8 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 f057caf5bffffb8 4 Total retained earnings $fill in the blank f057caf5bffffb8 5 Total stockholders' equity $fill in the blank f057caf5bffffb8 6

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Entries for Stock Dividends Healthy Life Co. is an HMO for businesses in the Fresno area. The following account balances appear on Healthy Lifes balance

Entries for Stock Dividends

Healthy Life Co. is an HMO for businesses in the Fresno area. The following account balances appear on Healthy Lifes balance sheet: Common stock (240,000 shares authorized ; 3,000 shares issued), $100 par, $300,000; Paid-In Capital in excess of parcommon stock, $60,000; and Retained earnings, $2,700,000. The board of directors declared a 2% stock dividend when the market price of the stock was $136 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.

Question Content Area

a1. Journalize the entry to record the declaration of the dividend, capitalizing an amount equal to market value.

blank	CashNo Entry RequiredPaid-In Capital in Excess of Par-Common StockStock DividendsStock Dividends Distributable	- Select -	- Select -
	CashNo Entry RequiredStock DividendsStock Dividends DistributableTreasury Stock	- Select -	- Select -
	CashCommon StockNo Entry RequiredPaid-In Capital in Excess of Par-Common StockStock Dividends	- Select -	- Select -

Question Content Area

a2. Journalize the entry to record the issuance of the stock certificates.

blank	Common StockNo Entry RequiredPaid-In Capital in Excess of Par-Common StockStock DividendsStock Dividends Distributable	- Select -	- Select -
	Common StockNo Entry RequiredPaid-In Capital in Excess of Par-Common StockStock DividendsStock Dividends Distributable	- Select -	- Select -

Question Content Area

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 f057caf5bffffb8_1
Total retained earnings	$fill in the blank f057caf5bffffb8_2
Total stockholders' equity	$fill in the blank f057caf5bffffb8_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 f057caf5bffffb8_4
Total retained earnings	$fill in the blank f057caf5bffffb8_5
Total stockholders' equity	$fill in the blank f057caf5bffffb8_6