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Alexander, Inc., declared and distributed a 10 percent stock dividend on its 700,000 shares of...

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Accounting

Alexander, Inc., declared and distributed a 10 percent stock dividend on its 700,000 shares of outstanding $5 par value common stock when the stock was selling for $12 per share. The outstanding shares had originally been sold at $8 per share. The balance in retained earnings before the declaration of the stock dividend, but after the addition of the current years net income, was $995,000. Prepare the stockholders section of Alexanders balance sheet to reflect these facts.

Common Stock ____________
Addt'nal paid-in capital-Common Stock ____________
________________________ ____________
Retained earnings ____________
Total stockholders' equity ____________

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