The stockholders' equity for Blade, Inc., on December 31, 2017, follows: Click the icon to view the stockholders' equity on December 31, 2017.) On April

Question

42 users unlocked this solution today!

The stockholders' equity for Blade, Inc., on December 31, 2017, follows: Click the icon to view the stockholders' equity on December 31, 2017.) On April 30, 2018, the market price of Blade's common stock was $11 per share and the company distributed a 20 per Read the requirements. Requirement 1. Journalize the distribution of the stock dividend. (Record debits first, then credits. Exclude explanation Journal Entry Date Accounts Debit Credit Apr 30 Common stock Requirements - X ho 1. Journalize the declaration and distribution of the stock dividend. 2. Prepare the stockholders' equity section of the balance sheet after the stock dividend Print Done Stockholders' Equity Paid-in capital: Common stock, $1 par, 600,000 shares authorized, 50,000 issued and outstanding Paid-in capital in excess of par-common Total paid in capital Retained earnings $ 50,000 200,000 250,000 290,000 $ 540,000 Total stockholders' equity Answer Print Done