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The stockholders' equity for Pondwood, Inc., on December 31, 2017, follows: m (Click the toon to view the stockholders' equity on December 31, 2017) On

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The stockholders' equity for Pondwood, Inc., on December 31, 2017, follows: m (Click the toon to view the stockholders' equity on December 31, 2017) On June 30, 2018, the market price of Pordwood's cclerion stock was $14 per share and the company distributed a 15 percent shock dividend Read the requirements Requiremont 1. Jourtalize the distribution of the stock dividend. (Record debits first, the credits Exclude explorations from any criat entries) Journal Entry Date Accounts Debit Credit Jun 30 Data Table $ Stockholders' Equity Pald-in capital Common stock, St par 100,000 shares authorized 80,000 issued and outstanding Pald-in capital in excess of par--common Total paid in capital Retained earnings Total stockholders' equity 80,000 160.000 240,000 310,000 550,000 Print Done

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