The DOA Company currently has 50,000 shares of its $2.00 par Common Stock issued and outstanding....
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The DOA Company currently has 50,000 shares of its $2.00 par Common Stock issued and outstanding. On October 1, 2020 DOA declared a 5 % stock dividend to be distributed on October 20, 2020. The Company's stock price is $8.00 on the date of declaration and $7.00 on October 20, 2020 when the stock is issued to the stockholders. 1. Prior to the stock dividend DOA has an APIC-CS account of $40,000 and a RE balance of $60,000. INSTRUCTIONS: 2. Prepare DOA's Stockholders' Equity Section BEFORE the stock dividend is declared and distributed. 3. Make the required journal entry on 10-1-2020 and on 10-20-2020. There should be one journal entry on each date. 10-1-2020 entry: 10-20-2020 entry: 4. Prepare DOA's Stockholders' Equity Section After the stock dividend is distributed. The DOA Company currently has 50,000 shares of its $2.00 par Common Stock issued and outstanding. On October 1, 2020 DOA declared a 5 % stock dividend to be distributed on October 20, 2020. The Company's stock price is $8.00 on the date of declaration and $7.00 on October 20, 2020 when the stock is issued to the stockholders. 1. Prior to the stock dividend DOA has an APIC-CS account of $40,000 and a RE balance of $60,000. INSTRUCTIONS: 2. Prepare DOA's Stockholders' Equity Section BEFORE the stock dividend is declared and distributed. 3. Make the required journal entry on 10-1-2020 and on 10-20-2020. There should be one journal entry on each date. 10-1-2020 entry: 10-20-2020 entry: 4. Prepare DOA's Stockholders' Equity Section After the stock dividend is distributed.
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