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The stockholders' equity for Sweet Trests Corpcration on May 12, 2017, followws: (Click the icon to view the data.) On May 12, 2017, the market
The stockholders' equity for Sweet Trests Corpcration on May 12, 2017, followws: (Click the icon to view the data.) On May 12, 2017, the market price of Sweet Treats common stock was $19 per share. Assume Sweet Treats declared and distributed a 9% stock dindend on this date. Read the requirements :X Data Table Requirement 1 Journalize the declaration and distrbution of the 9% stock dividend (Record debits first, then credits. Exclude explanations from any journal entries. Journal En Stockholders' Equity Date Accounts Debit Credit Common stock, $0.30 par, 3,200,000 shares May 12 authonzad, 300,000 sharesssued Paid-n capital in excess of par-common Retained eamings Accumulated other comprshensive income (loss) $ 90,000 645,760 7.777,000 195.0 Requirement 2. Prepare the stockhclders equity section of the balance sheet ater the stock dividend. (Enter the accounts in the proper order for the stockhalders' equity sectian $8,317,760 Tatal steckhalders' equity Balance Sheet Stockholders Equity PrintDonc shares Total stockholders' equity Requirement 3. Why is tctal stockholders' equity unchanged by the steck dvidend? Tha stock dividend did not change total sockholders' equity bacause the company gave its sharaholders Requirement 4. Suppose ST had a cash balance of $500,000 on May 13, 2017. What is the maximum amount of cash dividends ST can declara? STs maximum cash dividends | The company merely
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