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The stockholders' equity section of Jun Co.'s balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 10% stock
The stockholders' equity section of Jun Co.'s balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 10% stock dividend. The stock's per share market value on April 2 is $15 (prior to the dividend). Common stock-$5 par value, 395,000 shares authorized, 210,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,050,000 510,000 843,000 $2,403,000 Prepare the stockholders' equity section immediately after the stock dividend is distributed. Common stock JUN CO. Stockholders' Equity April 2 (after stock dividend) Paid-in capital in excess of par value, common stock Total paid-in capital Total stockholders' equity $ 1,260,000 1,260,000 $ 1,260,000
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