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Jungle Corporation's stockholders' equity section at December 31, 2017 appears below: Stockholder's equity Paid-in capital Common stock, $10 par, 60,000 outstanding Paid-in capital in excess
Jungle Corporation's stockholders' equity section at December 31, 2017 appears below: Stockholder's equity Paid-in capital Common stock, $10 par, 60,000 outstanding Paid-in capital in excess of par Total paid-in capital $600,000 150,000 Retained earnings $750,000 150,000 $900,000 Total stockholder's equity On June 30, 2018, the board of directors of Kenner Corporation declared a 15% stock dividend, payable on July 31, 2018, to stockholders of record on July 15, 2018. The fair value of Kenner Corporation's stock on June 30, 2018, was $15. On December 1, 2018, the board of directors declared a 2 for 1 stock split effective December 15, 2018. Jungle Corporation's stock was selling for $20 on December 1, 2018, before the stock split was declared. Par value of the stock was adjusted. Net income for 2018 was $190,000 and there were no cash dividends declared. Prepare the journal entries on the appropriate dates to record the stock dividend and the stock split. (Credit account titles are automatically indented when the amount indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) entered. Do not Date Account Titles and Explanation Debit Credit 6/30/18 7/15/18 7/31/18 12/1/18 7/15/18 7/31/18 12/1/18 12/15/18 Fill in the amount that would appear the stockholders' equity section for Jungle Corporation at December 31, 2018, for the following items: 1 Common stock 2 Number of shares outstanding 3 Par value per share $ 4 Paid-in capital in excess of par $ 5. Retained earnings $ 6. Total stockholders' equity
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