Snake Golf Club, Corp., had the following stockholders equity at December 31, 2011: On June 30, 2012,

Question:

Snake Golf Club, Corp., had the following stockholders€™ equity at December 31, 2011:

STOCKHOLDERS' EQUITY Paid-in capital: Common stock, $1.00 par, 650 shares authorized, 290 issucd. Paid-in capital in exc

On June 30, 2012, Snake split its common stock 2 for 1.
Requirements
1. Make the memorandum entry to record the stock split.
2. Prepare the stockholders€™ equity section of the balance sheet immediately after thesplit.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...