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Your answer is partially correct. Journalize the issuance of stock on July 1 and the declaration of the stock dividend on December 15. (Credit account
Your answer is partially correct. Journalize the issuance of stock on July 1 and the declaration of the stock dividend on December 15. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. if no entry is required, select "No Entry" for the account titles and enter for the amounts. Date Account Titles and Explanation Debit Credit July 1 Cash 2130000 Common Stock 14200 Paid-in Capital in Excess of Par Value-Common Stock 7100C Dec 15 Stock Dividends 579700 TONE Common Stock Dividends Distributable 34100 Paid-in Capital in Excess of Par Value-Common Stock 23870 eTextbook and Media List of Accounts Attempts: 1 of 1 used (b) Prepare the stockholders' equity section of the balance sheet for Blue Spruce Corp. at December 31, 2020. BLUE SPRUCE CORP Balance Sheet (Partial) December 31, 2020 Stockholders' Equity Capital Stock Common Stock Retained Earnings Capital Stock Common Stock Retained Earnings
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