Determine the following amounts before the stock dividend was declared: (1) total paid-in capital, (2) total retained earnings, and (3) total stockholders' equity. Total paid-in capital $fill in the blank a8be66087011fb4_1 Total retained earnings $fill in the blank a8be66087011fb4_2 Total stockholders' equity $fill in the blank a8be66087011fb4_3 c. Determine the following amounts after the stock dividend was declared and closing entries were recorded at the end of the year: (1) total paid-in capital, (2) total retained earnings, and (3) total stockholders' equity. Total paid-in capital $fill in the blank a8be66087011fb4_4 Total retained earnings $fill in the blank a8be66087011fb4_5 Total stockholders' equity $fill in the blank a8be66087011fb4_6
Part B and C
Entries for Stock Dividends
Healthy Life Co. is an HMO for businesses in the Fresno area. The following account balances appear on Healthy Life’s
If no entry is required, select "No entry required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank.
B. Determine the following amounts before the stock dividend was declared: (1) total paid-in capital, (2) total retained earnings, and (3) total
| Total paid-in capital | $fill in the blank a8be66087011fb4_1 |
| Total retained earnings | $fill in the blank a8be66087011fb4_2 |
| Total stockholders' equity | $fill in the blank a8be66087011fb4_3 |
c. Determine the following amounts after the stock dividend was declared and closing entries were recorded at the end of the year: (1) total paid-in capital, (2) total retained earnings, and (3) total stockholders' equity.
| Total paid-in capital | $fill in the blank a8be66087011fb4_4 |
| Total retained earnings | $fill in the blank a8be66087011fb4_5 |
| Total stockholders' equity | $fill in the blank a8be66087011fb4_6 |
For determining the figures of stockholder's equity and its elements, we first have to journalize the entry and ascertain the figures for stock dividend and its distribution :
Journal Entry :
Stock Dividends a/c Dr (2,200,000 * 5% = 110,000 shares, 110,000 * $18 = $1,980,000) $1,980,000
To Stock Dividend Distributable (110,000 shares * $15) $1,650,000
To Paid In Excess-Common stock a/c ($3 * $110,000) $330,000
Stock Dividend Distributable (110,000 shares * $15) $1,650,000
To Common stock $1,650,000
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