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On December 31, the stockholders' equity section of the balance sheet of R&B Corporation reflected the following: Common stock (par $10; 60,000 shares authorized; 33,000
On December 31, the stockholders' equity section of the balance sheet of R&B Corporation reflected the following: Common stock (par $10; 60,000 shares authorized; 33,000 issued and outstanding) Additional paid-in capital Retained earnings $ 330,000 12,800 83,000 On February 1 of the following year, a 10 percent stock dividend was issued. The market value of the stock on February 1 was $15 per share. Required: Prepare the journal entry to record (a) the small 10 percent stock dividend and, alternatively, (b) the large 100 percent stock dividend. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Answer is not complete. No Transaction General Journal Debit Credit 1 a 296,000 X Retained Earnings Common Stock Additional Paid-In Capital, Common Stock 330,000 X 2 b Retained Earnings Common Stock
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