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How do you do the journal entries at the bottom? 2-for-1 stock split or 100% stock dividend Stockholders' Equity section of balance sheet (par value)
How do you do the journal entries at the bottom?
2-for-1 stock split or 100% stock dividend Stockholders' Equity section of balance sheet (par value) Common Stock, $10 par value, 60,000 shares 25,000 Shares authorized, 25,000 shares issued and outstanding $ 250,000 161. Soo 900 Paid-in capital in excess of par value, CS 100,000mg 100.000 Retained earnings 330,000 10 90.000 Total stockholders' equity $ 680,000 $ 680,000 zso,000 100,ooo 330,000 $ 680,000 Common stock shares outstanding 25,000 50,000 @10 50,000 CIS Add your computations under the column: 3-for-1 stock split Small stock 10% stock dividend Stockholders' Equity section of balance sheet (FMV = $31/share) or Common Stock, $10 par value, 60,000 shares 2,500 shares authorized, 25,000 shares issued and outstanding 250,000 101 275,000 Paid-in capital in excess of par value, CS 100,000 211_152, soo Retained earnings 330,000 311 (252, Soo) Total stockholders' equity $ 680,000 $ 680,000 250.000 330 680,000 Common stock shares outstanding 25,000 27 500@sio 15.000 83.33 PV Add your computations under the column: cash Div. Journalize the 10% stock dividend above Declaration PE date CS Diridends Dgt. I paid in capital in excess Pv-CS RE DR Pay out Cs Dividends Dist. date CSStep by Step Solution
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