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Entries for Stock Dividends Healthy Life Co. Is an HMO for businesses in the Fresno hu following account balances appear on Healthy Life's balance sheet:
Entries for Stock Dividends Healthy Life Co. Is an HMO for businesses in the Fresno hu following account balances appear on Healthy Life's balance sheet: Common stock (3,000,000 shares authorized: 2,200,000 shares issued), $15 par, $33,000,000 and in capital in excess of par-common stock, $9,000,000; and Retained Gamings, $89,550,000. The board of directors declared a 5% stock dividend when the market price of the stock was $18 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. 11. Joumalize the entry to record the declaration of the dividend, capitalizing an amount equal to market value. 12. Joumalize the entry to record the issuance of the stock certificates b. Determine the following amounts before the stock dividend was declared: (1) total paid-in capital, (2) total retained earnings, and (3) total stockholders equiry 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) total paid in capital, (2 total a1. Journalize the entry to record the declaration of the dividend, capitalizing an amount equal to market value 12. Journalize the entry to record the issuance of the stock certificates b. Determine the following amounts before the stock dividend was declared:11) total paid-in capital, (2) total retained earnings, and (3) total stockholders equity 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) total paid in capital, (2) total retained earnings, and (3) total stockholders' equity, Total paid-in capital 5 Total retained earnings Total stockholders' equity Previous Check My Work
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