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The stockholders' equity for Pondside, Inc., on December 31, 2017, follows: (Click the icon to view the stockholders' equity on December 31, 2017.) On July
The stockholders' equity for Pondside, Inc., on December 31, 2017, follows: (Click the icon to view the stockholders' equity on December 31, 2017.) On July 31, 2018, the market price of Pondside's common stock was $10 per share and the company distributed a 10 percent stock dividend. Read the Requirement 1. Journalize the distribution of the stock dividend. (Record debits first, then credits. Exclude explanations from any journal entries.) Requirement 2. Prepare the stockholders' equity section of the balance sheet after the stock dividend. (Enter the accounts and labels in the prop Data table
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