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19, the market price of S declared and distributed a 15% stock dividend on this data. on of dail.. Read the requirements. anking.. Requirement 1. Journalize the declaration and distribution of the 15% stock dividend, (Record debits frat, then credits, Exclude explanations from any journal entries.) antande Journal Entry len your Date Accounts Debit Credit rking p.. April 12 Retained Earnings 24000 eaching Paid-In Capital in Excess of Par-Common 24000 erience masterin with pe. Requirement 2. Prepare the stockholders' equily section of the balance shoot after the stock dividend. (Enter the accounts in the proper order for the stockholders equity section of the balance sheet. Use parentheses or a minus sign for numbers to be subtracted.) Balance Sheet (Partial] Stockholders' Equity Common stock, s 0.2 par. 200000 shares authorized, BU0DOD shares authorized. 160240 Paid in capital in excess of par-common 1722027 Total paid in capital Retained earnings 26030 Accumulated other comprehensive Income (loes] 200020 Total stockholders' equity Requirement 3. Why is total stockholders' equity unchanged by the stock dividend? The stock dividend did not change total stockholders' equily because the company gave its shareholders a promissory note . The company merely agreed to pay later. Requirement 4. Suppose ST had a cash balance of $620,0(10 on April 13, 2019. What Is the maximum amount of cash dividends the company can declare? ST's maximum cash dividends cannot exceed the balance in the Cash account, $820,COD Data Table X Requirements X Stockholders Equity Common stock, $0.20 par, 2,500,000 shares 1. Jourralze the declaration and distribution of the stock dividend. authorized, 800,OC0 shares issued 160,000 2. Prepare the stockholders' equity section of the balance sheet after the stack dividend. Paid-in capital in excess of par-common 1,722,027 3. Why is total stockholders' equity unchanged by the stock dividend? Suppose Sweet Treats had a cash balance of $620,010 on April 13, 2019. What is the Retained eamings 7,000,D00 maximum amount of cash divicards the company can decare? Accumulated other comprehensive income (loss) (200,030) Total stockholders' equity $ 8.682,027 Print Done Print Done