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Jackson Enterprises has the following capital (equity) accounts: Common stock ($1 par;...

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Finance

Jackson Enterprises has the following capital (equity) accounts:

Common stock ($1 par; 100,000 shares outstanding) $100,000
Additional paid-in capital -50,000
Retained earnings 200,000

The board of directors has declared a 20 percent stock dividend on January 1 and a $0.20 cash dividend on March 1. What changes occur in the capital accounts after each transaction if the price of the stock is $5? Round the number of shares outstanding to the nearest whole number and the other answers to the nearest dollar.

The impact of the 20 percent stock dividend:

Common stock ($ _________ par; _________ shares outstanding) $ ____________
Additional paid-in capital $
Retained earnings $

The impact of the $0.20 a share cash dividend:

Common stock ($ __________ par; ___________ shares outstanding) $ ____________
Additional paid-in capital $ ____________
Retained earnings $ ___________

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