signmentSessionLocator=&inprogress=false eBook Show Me How Calculator Print item Entries for Stock Dividends Senior Life Co. is an HMO for businesses in the Portland area. The following account balances appear on the balance sheet of Senior Life Co.: Common stock (240,000 shares authorized; 6,000 shares issued), $50 par, $300,000; Paid-In Capital in excess of par-common stock, $60,000; and Retained earnings, $2,700,000. The board of directors dedared a 2% stock dividend when the market price of the stock was $60 a share. Senior Life! Co. reported no income or loss for the current year. If an amount box does not require an entry, leave it blank. If no entry is required, select "No entry required" from the dropdown. a1. Journalize the entry to record the declaration of the dividend, capitalizing an amount equal to market value. a2. Journalize the entry to record the issuance of the stock certificates. b. Determine the following amounts before the stock dividend was declared: (1) total pald-in capital, (2) total retained earnings, and (3) total stockholders equity. Total paid-in capital Total retained earnings Total stockholders en dit Previous Next > Check My Work om Cengage learning - Google Chrome ssignment Main.do?invoker=&takeAssignmentSessionLocator=&inprogress=false TOGG a2. Journalize the entry to record the issuance of the stock certificates. b. Determine the following amounts before the stock dividend was dedared: (1) total pald-in capital, (2) total retained earnings, and (3) total stockholders' equity. Total paid-in capital Total retained earnings Total stockholders' equity c. Determine the following amounts after the lack dividend was declared and closing entries were recorded at the end of the year: (1) total pald-in capital, (2) total retained earnings, and (3) total stockholders' equity. Total paid-in capital Total retained earnings Total stockholders' equity Previous Next > neck My Work signmentSessionLocator=&inprogress=false eBook Show Me How Calculator Print item Entries for Stock Dividends Senior Life Co. is an HMO for businesses in the Portland area. The following account balances appear on the balance sheet of Senior Life Co.: Common stock (240,000 shares authorized; 6,000 shares issued), $50 par, $300,000; Paid-In Capital in excess of par-common stock, $60,000; and Retained earnings, $2,700,000. The board of directors dedared a 2% stock dividend when the market price of the stock was $60 a share. Senior Life! Co. reported no income or loss for the current year. If an amount box does not require an entry, leave it blank. If no entry is required, select "No entry required" from the dropdown. a1. Journalize the entry to record the declaration of the dividend, capitalizing an amount equal to market value. a2. Journalize the entry to record the issuance of the stock certificates. b. Determine the following amounts before the stock dividend was declared: (1) total pald-in capital, (2) total retained earnings, and (3) total stockholders equity. Total paid-in capital Total retained earnings Total stockholders en dit Previous Next > Check My Work om Cengage learning - Google Chrome ssignment Main.do?invoker=&takeAssignmentSessionLocator=&inprogress=false TOGG a2. Journalize the entry to record the issuance of the stock certificates. b. Determine the following amounts before the stock dividend was dedared: (1) total pald-in capital, (2) total retained earnings, and (3) total stockholders' equity. Total paid-in capital Total retained earnings Total stockholders' equity c. Determine the following amounts after the lack dividend was declared and closing entries were recorded at the end of the year: (1) total pald-in capital, (2) total retained earnings, and (3) total stockholders' equity. Total paid-in capital Total retained earnings Total stockholders' equity Previous Next > neck My Work
