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QS 11-7 Accounting for small stock dividend LO P2 The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April

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QS 11-7 Accounting for small stock dividend LO P2 The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 15% stock dividend. The stock's per share market value on April 2 is $15 (prior to the dividend) Common stock-5 par value, 515,000 shares authorised, 270,000 shares issued and outstanding Pald.in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,350,000 630.000 903,000 $ 2,883,000 Prepare the stockholders' equity section Immediately after the stock dividend. JUN COMPANY Stockholders' Equity April 2 (after stock dividend) Common stock Paid in capital in excess of par value, common stock Total paid-in capital Retnined earnings Total stockholders' equity

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