Tubbs Landing, Inc., had the following stockholders' equity at January 31: On February 28, Tubbs Landing, Inc.,

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Tubbs Landing, Inc., had the following stockholders' equity at January 31:

Stockholders' Equity Paid-in Capital: Common Stock, $3 par, 200,000 shares authorized, 10,000 shares issued and outstand

On February 28, Tubbs Landing, Inc., split its common stock 2-for-1.
Requirements
1. Make any necessary entry to record the stock split.
2. Prepare the stockholders' equity section of the balance sheet immediately after the split?

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...
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Financial Accounting

ISBN: 978-0134436111

4th edition

Authors: Robert Kemp, Jeffrey Waybright

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