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W E13-29 (book/static) Question Help The stockholders' equilty of Lakeside Occupational Therapy, Inc. on December 31, 2017, followe: (Click the icon to view the data.) (Click the icon to show additional information.) Read the requirements Requirement 1. Journalize the declaration and distribution of the stock dividend. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) First, Journalize the declaration of the stock dividend. Date Accounts and Explanation Debit Credit A More Info Apr. 30 832 Stock Dividends Common Stock Dividend Distributable Paid In Capital in Excess of Pan-Cornmon 52 780 On April 30, 2018, the market price of Lakeside's common stock was $16 per share and the company declared a 13% stock dividend. The stock was distributed on May 15. Declared a 13% stock dividend Print Done Credit Now journalize the distribution of the stock dividend. Date Accounts and Explanation May 15 Common Stock Dividend Distributable Common Stock-$1 Par Value Debit 52 Icchard 116 wird %E13-29 (book/static) is Question Help The stockholders' equity of Lakeside Occupational Therapy, Inc. on December 31, 2017, follows: (Click the icon to view the data.) (Click the icon to show additional information.) Read the requirements Requirement 1. Journalize the declaration and distribution of the stock dividend. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) First, joumalize the declaration of the stock dividend. Date Debit Credit i Data Table Apr. 30 832 Accounts and Explanation Stock Dividends Common Stock Dividend Distributable Paid-In Capital in Excess of ParCommon 52 780 Stockholders' Equity Pald-in Capital: Common Stock-$1 Par Value: 1.200 shares Declared a 13% stock dividend. Now journalize the distribution of the stock dividend authorized, 400 shares issued and outstanding $ Pald-in Capital in Excess of Par-Common Total Pald-in Capital 1,600 Date Debit Credit Accounts and Explanation Common Stock Dividend Distributable May 15 52 2,000 120,000 Retained Earnings Common Stock $1 Par Value 52 $ 122,000 Total Stockholders' Equity leend 1796 einen Print Done Choose from any list or enter any number in the input fields and then click Check Answer, E13-29 (book/static) Question Help The stockholders' equity of Lakeside Occupational Therapy, Inc. on December 31, 2017, follows: Click the icon to view the data Click the icon to show additional information) Read the requirements. Is 13% sook diktorid Requirement 2. Prepare the stockholders' equity section of the balance sheet as of May 31, 2017. Assume Retained Earnings are $120,000 on April 30, 2018, before the stock dividend, and the only change made to Retained Earnings before preparing the balance sheet was closing the Stock Dividends scoount. Lakeside Occupational Therapy, Inc. Balance Sheet (Partial) May 31, 2018 Stockholders' Equity Pald-in Capital Common Stock-$1 Par Value: 1,200 shares authorized 452 shares issued and outstanding 2,652 Pald-in Capital in Excess of Par-Common 2,052 Total Paid In Capital 2.000 Retained Earings 120,000 122,000 Total Stockholders' Equity
