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Entries for Stock Dividends Ndvanced Life Coan HMO for businesses in the Albuquerque area. The following account balances appear on the balance sheet of Advanced

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Entries for Stock Dividends Ndvanced Life Coan HMO for businesses in the Albuquerque area. The following account balances appear on the balance sheet of Advanced Life Co, Common stock (600,000 shares authorized; 400,000 shares issued), 58 por, 53,200,000; capital in excess of par-common stock, $800,000; and leaned earrings, 125,000,000. The bowd of directors declared a 2% stock dividend when the market price of the stock was 519 a Advanced Life Careported no income or loss for the current year al. Journalist the entry to record the declaration of the dividend, iting an amount out to market value of an amount box does not require an entry, Travet blank a2. Journalize the entry to record the ice of the stock certificates. If an amount box does not require an entry leave it blank b. Determine the following amounts before the stock dividend was declared: (1) total din capital talegand (3) total Total paid in capital Total remed Total Mockholders Determine the fog amounts for the stock and was declared a long es were recorded at the of the wal () caring and (3) tutal take out Totul din capital Check My Work Determine the following amounts after the stock dividend was dedared and desing ones were recorded at the end of the year (1) total din capital (3) total retained arnings, and (3) total stockholders' equity Total and in capital Total retained warnings Total stockholders equity Check My Work

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