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The stockholders' equity for Sweet Treats Corporation on July 10, 2017, follows EE (Click the icon to view the data.) On July 10, 2017, the
The stockholders' equity for Sweet Treats Corporation on July 10, 2017, follows EE (Click the icon to view the data.) On July 10, 2017, the market price of Sweet Treats common stock was $20 per share. Assume Sweet Treats declared and distributed a 15% stock dividend on this date Read the requirements Requirement 1. Journalize the declaration and distribution of the 15% stock dividend. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Date Accounts Debit Credit Ul Table Requirements Stockholders' Equity Journalize the declaration and distribution of the stock dividend 2. Prepare the stockholders' equity section of the balance sheet after the stock dividend 3. Why is total stockholders' equity unchanged by the stock dividend? 4. Suppose Sweet Treats had a cash balance of $620,000 on July11, 2017. What is the Common stock, $0.20 par, 2,000,000 shares authorized, 800,000 shares issued Paid-in capital in excess of par-common Retained earnings $ 160,000 1,722,027 7,500,000 (175,000) maximum amount of cash dividends Sweet Treats can declare? mulated other comprehensive income (loss)
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