QS 11-8 Accounting for small stock dividend LO P2

The stockholders equity section of Jun Co.s balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 10% stock dividend. The stocks per share market value on April 2 is $10 (prior to the dividend).

Common stock$5 par value, 495,000 shares authorized, 260,000 shares issued and outstanding	$	1,300,000
Paid-in capital in excess of par value, common stock		610,000
Retained earnings		893,000
Total stockholders' equity	$	2,803,000

Prepare the stockholders equity section immediately after the stock dividend is distributed.

JUN CO.
Stockholders' Equity
April 2 (after stock dividend)
Total paid-in capital
Total stockholders' equity