Score: Oript 6 of 10 (6 complete) E13-29 (book/static) The stockholders' equity of Lakeside Occupational Therapy, Inc. on December 31, 2017 follows: (Click the icon to view the data.) (Click the icon to show additional information.) Read the resuirements 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, joumalize the declaration of the stock dividend. Date Accounts and Explanation Debit Credit Apr. 30 i More Info On April 30, 2018, the market price of Lakeside's common stock was $16 per share and the company declared a 13% stock dividend. The stock was distributed on May 15. Print Dono Choose from any list or enter any number in the input fields and then click Check Answer. Clear All 2 2 parts remaining follows: ution.) cord debits first, then credits. Select the explanation on the last line of the journal Data Table Stockholders' Equity Paid-In Capital: Common Stock-$1 Par Value; 1,200 SMares authorized, 400 shares issued and outstanding Paid-In Capital in Excess of Par-Common Total Paid-In Capital $ 400 1,600 2,000 120,000 122,000 Retained Earnings $ mmg Bend. Total Stockholders' Equity Print Done en click Check Answer. Clear All 2017, follows: formation.) ..(Record debits first, then credits. Select the explanation on the last line of the journal ent i Data Table 1 Requirements 1. Journalize the declaration and distribution of the stock dividend. 2. Prepare the stockholders' equity section of the balance sheet as of May 31, 2018. Assume Retained Earnings are $120,000 on April 30, 2018, before the stock dividend, and the only change made to Retained Earnings before preparing the balance sheet was closing the Stock Dividends account. Print Done e's a divi Print Done Done then click Check Answer. Clear All