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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 life's balance

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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 life's balance sheet: common stock (370,000 shares authorized : 4,000 shares issued) $50 par, $200,000; Paid In Capital in excess of par -- common stock, $40,000; and retained earnings, $1,600,000. The board of directors declared a 1% stock dividend when the market price of the stock was $68 a share. Healthy Life reported no income 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. Joumalize the entry to record the declaration of the dividend, capitalizing an amount equal to market value. Stock Dividends ll. 100 Stock Dividends Distributable Paid-In Capital in Excess of Par Common Stock a2. Journalize the entry to record the issuance of the stock certificates Stock Dividends Distributable Common Stock deciahod: (1) total paid in capital, (2) total retained earnings, and ) total b. Determine the following amounts before the stock dividend was stod holders buity Total pald-in capital Nex Percus Total retained earnings Lectus Stock Dividends Distributable Paid In Capital in Excess of Par-Common Stock I. a2. Journalize the entry to record the issuance of the stock certificates. Stock Dividends Distributable Common Stock 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 c. Determine the following amounts after the stock dividend was declared and closing entries were recorded at the end of the vear: (1) total pald-in capital, (2) total retained earnings, and (3) total stockholders' equity, Total paid-in capital Total retained earnings Total stockholders' equity Previous Next) 5:22 PM 6/22/2021 Check My Work more Check My Work uses remaining 0

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