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Help me fill out the journal entry On July 1, Davidson Corporation had the following capital structure: 780, eoe Common stock ( $3 par value)
Help me fill out the journal entry
On July 1, Davidson Corporation had the following capital structure: 780, eoe Common stock ( $3 par value) Additional paid-in capital Retained earnings Treasury stock Required: $ 600, eoe Complete the table below for each of the two following independent cases: Note: Round "Par value per share" amounts to 2 decimal places. Case 1: The board of directors declared and issued a 40 percent stock dividend when the stock was selling at $5 per share. Case 2: The board of directors announced a 6-for-5 stock split. The market price prior to the split was $5 per share. Items Common stock account Par value per share Shares outstanding Additional paid-in capital Retained earnings Total stockholders' equity Before Dividend and Split 3.00 780,000 After Stock Dividend After Stock Split
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