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please answer all 3 parts Homework Part 1 of 3 O Points: 0 of 1 Save The stockholders' equity of Lakeshore Occupational Therapy, Inc. on
please answer all 3 parts
Homework Part 1 of 3 O Points: 0 of 1 Save The stockholders' equity of Lakeshore Occupational Therapy, Inc. on December 31, 2023, 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, journalize the declaration of the stock dividend. Date Accounts and Explanation Debit Credit Apr. 30 Data table - X ore info On April 30, 2024, the market price of Lakeshore's common stock was $13 per share and the company declared a 10% stock dividend. The stock was distributed on May 15. Stockholders' Equity Paid-In Capital: Common Stock-$3 Par Value; 1,450 shares authorized, 580 shares issued and outstanding $ 1,740 2,320 Paid-In Capital in Excess of Par-Common Total Paid-In Capital 4,060 128,000 Print Retained Earnings Done $ 132,060 Total Stockholders' Equity Print DoneStep by Step Solution
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