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eBook Show Me How Entries for stock dividends Calculator Print Item Instructions Chart of Accounts Journal Final Questions Instructions Senior Life Co. is an HMO for businesses in the Portland area. The following account balances appear on the balance sheet of Senior Lite Co.. Common stock (800,000 shares authorized; 460,000 shares issued). $5 par. $2,300,000; Paid.in capital in excess of par-common stock, $850,000; and Retained earnings. $34,950,000. The board of directors declared a 2% stock dividend when the market price of the stock was $15 a share. Senior Life Co. reported no income or loss for the current year. Required: A. Journalize the entries to record (1) the declaration of the dividend on December 1, capitalizing an amount equal to market value, and (2) the issuance of the stock certificates on December 31. Refer to the Chart of Accounts for exact wording of account titles B. Determine the following amounts before the stock dividend was declared: (1) total paid.in capital, (2) total retained earnings, and (3) total stockholders' equity C. Determine the following amounts after the stock dividend was declared and closing entries were recorded at the end of the year: (1) total paid.in capital, (2) total retained earnings, and (3) total stockholders'equily. Chart My Work 2 more. Check M.Workcarremainion Previous Entries for stock dividends Instructions Chart of Accounts Journal Final Questions REVENUE Instructions Chart of Accounts ASSETS 110 Cash 120 Accounts Receivable 131 Notes Receivable 410 Sales 610 Interest Revenue 132 Interest Receivable 141 Merchandise Inventory EXPENSES 510 Cost of Merchandise Sold 515 Credit Card Expense 520 Salaries Expense 145 Office Supplies 151 Prepaid Insurance 181 Land 531 Advertising Expense 532 Delivery Expense 193 Equipment 194 Accumulated Depreciation-Equipment 533 Selling Expenses 534 Rent Expense or War 2.ma Chackademin Instructions Chart of Accounts 210 Accounts Payable 221 Notes Payable 226 Interest Payable 536 Office Supplies Expense 537 Organizational Expenses 562 Depreciation Expense-Equipment 231 Cash Dividends Payable 590 Miscellaneous Expense 710 Interest Expense 241 Salaries Payable 261 Mortgage Note Payable EQUITY 311 Common Stock 312 Paid-In Capital in Excess of Par-Common Stock 315 Treasury Stock 321 Preferred Stock Chart Will Chachod n i on Instructions Chart of Accounts EQUITY 311 Common Stock 312 Paid-in Capital in Excess of Par-Common Stock 315 Treasury Stock 321 Preferred Stock 322 Paid-In Capital in Excess of Par-Preferred Stock 331 Paid-In Capital from Sale of Treasury Stock 340 Retained Earnings 350 Stock Dividends Distributable 351 Cash Dividends 352 Stock Dividends 390 Income Summary Charl Winel C o de remainion Instructions Chart of Accounts Journal Final Questions Instructions Journal A. Journalize the entries to record (1) the declaration of the dividend on December 1, capitalizing an amount equal to market value, and (2) the issuance of certificates on December 31. Refer to the Chart of Accounts for exact wording of accountitles. ACCOUNTING JOURNAL CREDIT ASSETS LIABILIT DESCRIPTION POST. REF. DATE Dodou wine or backlod ramaininn Instructions Chart of Accounts Journal Final Questions Instructions Journal Final Questions B. Determine the following amounts before the stock dividend was declared: (1) total paid in capital, (2) total retained earnings, and (3) total stockholders equity Total paid-in capital Total retained earnings Total stockholders' equity S C. Determine the following amounts after the stock dividend was declared and closing entries were recorded at the end of the year: (1) total paid-in capital, (2) total retained earnings, and (3) total stockholders' equity. Total paid-in capital Total retained earnings Radio Chart My Worl mom Checklada n ini mal Questions Total paid-in capital Total retained earnings Total stockholders' equity $ S 5. Determine the following amounts after the stock dividend was declared and closing entries were recorded at the end of the year (t) total paid in capital, (2) total retained earnings, and (3) total stockholders' equity. Total paid-in capital Total retained earnings Total stockholders' equity $ S S Wart Checkor
