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On November 1, 2020, Nixon Corporation's stockholders equity section is as follows: Common stock, $10 par value Paid-in capital in excess of par Retained earnings

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On November 1, 2020, Nixon Corporation's stockholders equity section is as follows: Common stock, $10 par value Paid-in capital in excess of par Retained earnings Total stockholders' equity $600,000 180,000 200.000 $980,000 On November 1, Nixon declares and distributes an 18% stock dividend when the market value of the stock is $14 per share Indicate the balances in the stockholders' equity accounts after the stock dividend has been distributed Common stock Paid-in Capital in Excess of Par Retained earnings Total stockholders equity $ Current Attempt in Progress On October 10, the board of directors of Pinto Corporation declared a 10% stock dividend. On October 10, the company had 10,000 shares of $1 par common stock issued and outstanding with a market price of $16 per share. The stock dividend will be distributed on October 31 to shareholders of record on October 25, Journalize the entries needed for the declaration and distribution of the stock dividend. (Credit account titles are automatically Indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Date Account Titles and Explanation Oct. 10 Debit Credit Oct. 31

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