QS 11-7 Accounting for small stock dividend LO P2 The stockholders' equity section of Jun...
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QS 11-7 Accounting for small stock dividend LO P2 The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 10% stock dividend. The stock's per share market value on April 2 is $20 (prior to the dividend). ys Common stock-$5 par value, 375,000 shares authorized, 200,000 whares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,000,000 600,000 833,000 $2,433,000 Prepare the stockholders' equity section immediately after the stock dividend. Answer is not complete. JUN COMPANY Stockholders' Equity April 2 (after stock dividend) Common stock 5 562.500 Total pald.in capital 562.500 Total ockholders equity $ 562.500
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