endar * Chapter 12 Homework * CengageNoWv2 | Onlin X now.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress3false eBook Show Me How Calculator E Print Item 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 balance sheet: Common stock (340,000 shares authorized ; 4,000 shares issued), $50 par, $200,000; Pald-In Capital in excess of par- common stock, $20,000; and Retained earnings, $1,600,000. The board of directors declared a 1% stock dividend when the market price of the stock was $66 a share. Healthy Life reported no income or loss for the current year. If an amount box does not require an entry, leave it blank. If no entry is required, select "No entry required" from the dropdown. al. Journalize the entry to record the declaration of the dividend, capitalizing an amount equal to market value. a2. Journalize the entry to record the Issuance of the stock certificates. (2) total retained earnings, and (3) total ndar *Chapter 12 Homework e CengageNOw2|Onlin X mow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator &inprogressafalse a2. Journalize the entry to record the issuance of the stock certificates. b. 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 Total retained earnings %24 Total stockholders' equity 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 Total retained earnings Total stockholders' equity
endar * Chapter 12 Homework * CengageNoWv2 | Onlin X now.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress3false eBook Show Me How Calculator E Print Item 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 balance sheet: Common stock (340,000 shares authorized ; 4,000 shares issued), $50 par, $200,000; Pald-In Capital in excess of par- common stock, $20,000; and Retained earnings, $1,600,000. The board of directors declared a 1% stock dividend when the market price of the stock was $66 a share. Healthy Life reported no income or loss for the current year. If an amount box does not require an entry, leave it blank. If no entry is required, select "No entry required" from the dropdown. al. Journalize the entry to record the declaration of the dividend, capitalizing an amount equal to market value. a2. Journalize the entry to record the Issuance of the stock certificates. (2) total retained earnings, and (3) total ndar *Chapter 12 Homework e CengageNOw2|Onlin X mow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator &inprogressafalse a2. Journalize the entry to record the issuance of the stock certificates. b. 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 Total retained earnings %24 Total stockholders' equity 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 Total retained earnings Total stockholders' equity
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:endar
* Chapter 12 Homework
* CengageNoWv2 | Onlin X
now.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress3false
eBook
Show Me How
Calculator
E Print Item
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 balance sheet: Common stock
(340,000 shares authorized ; 4,000 shares issued), $50 par, $200,000; Pald-In Capital in excess of par- common stock, $20,000; and Retained
earnings, $1,600,000. The board of directors declared a 1% stock dividend when the market price of the stock was $66 a share. Healthy Life reported no
income or loss for the current year.
If an amount box does not require an entry, leave it blank. If no entry is required, select "No entry required" from the dropdown.
al. Journalize the entry to record the declaration of the dividend, capitalizing an amount equal to market value.
a2. Journalize the entry to record the Issuance of the stock certificates.
(2) total retained earnings, and (3) total
Transcribed Image Text:ndar
*Chapter 12 Homework
e CengageNOw2|Onlin X
mow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator &inprogressafalse
a2. Journalize the entry to record the issuance of the stock certificates.
b. 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
Total retained earnings
%24
Total stockholders' equity
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
Total retained earnings
Total stockholders' equity
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