Question: Help Save & Extt Submt Seved ends Check my work QS 13-7 Accounting for small stock dividend LO P2 The stockholders' equty section of Jun

 Help Save & Extt Submt Seved ends Check my work QS

Help Save & Extt Submt Seved ends Check my work QS 13-7 Accounting for small stock dividend LO P2 The stockholders' equty section of Jun Company's balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 20% stock dividend. The stock's per share market value on April 2 Is $15 (prior to the dividend) Common stock-$5 par value, 415,000 shares authorized, 220,000 shares issued and outstanding Paid-in capital in excess of par value, common $1,100,000 530,000 stock 853,000 Retained earnings $2,483,000 Total stockholders equity Prepare the stockholders' equity section Immediately after the stock dividend. JUN COMPANY Stockholders Equity April 2 (after stock dividend Common stook Paid-in capital in excess of par value, oommon stock Total paid-in capital Retained eanings Total stockholders equity 2 of 5 Next

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

\f