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The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 20% stock dividend.
The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 20% stock dividend. The stocks per share market value on April 2 is $10 (prior to the dividend). Common stock-$5 par value, 555,000 shares authorized, 290,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 1,450,000 670,000 923,000 $ 3,043,000 Prepare the stockholders' equity section immediately after the stock dividend is distributed. JUN COMPANY 290,000 Stockholders' Equity April 2 (after stock dividend) Common stock Paid-in capital in excess of par value, common stock Total paid-in capital Retained earnings Total stockholders' equity 290,000 580,000 343,000 923,000 $
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