10.00 points 2.S0prorone The stockholders\' equity section of Jun Company\'s bal

Question

10.00 points 2.S0prorone The stockholders' equity section of Jun Company's balance steet as of Art Itano enan deda es a dividend) dar tutes a10% stock di der dmosoon pernas maner vaker Apr Common stock $5 200,000 shares issued and outstanding Paid in Ratained $1,300,000 10,000 Prepare the stockholiders' equity section immediately after the stock dividend Equity Total paid-in capital Tatal stockholders' equty References Book&Resources; Officulty 2 Medium eaing octive11-P2 Record transactions involving cash dividends, stock dividends Check my.work

Explanation / Answer

Stockholders' equity section immediately after the stock dividend will be prepared as follows:

J Company Stockholders' Equity April 2 (after stock dividend) Common stock (260,000 shares x 110% x $5) 1430000 Paid-in capital in excess of par value, common stock [$610,000 + (260,000 x 10% x $5)] 740000 Total paid-in capital 2170000 Retained earnings [$893,000 - (260,000 x 10% x $10)] 633000 Total stockholders' equity 2803000

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