Stockholders' Equity Paid-In Capital: Common Stock-$1 Par Value; 650 shares authorized, 270 shares issued and outstanding $ 270 Paid-In Capital in Excess of Par-Common 540 Total Paid-In Capital 810 Retained Earnings 2,600 Total Stockholders' Equity $ 3,410

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Reporting stockholders’ equity after a stock split

Wood Golf Club Corp. had the following stockholders’ equity at December 31, 2017:

On June 30, 2018, Wood Golf Club split its common stock 2-for-1. Prepare the stockholders’ equity section of the balance sheet immediately after the split. Assume the balance in retained earnings is unchanged from December 31, 2017.

Stockholders' Equity
Paid-In Capital:
Common Stock-$1 Par Value; 650 shares
authorized, 270 shares issued and outstanding
$ 270
Paid-In Capital in Excess of Par-Common
540
Total Paid-In Capital
810
Retained Earnings
2,600
Total Stockholders' Equity
$ 3,410
Transcribed Image Text:Stockholders' Equity Paid-In Capital: Common Stock-$1 Par Value; 650 shares authorized, 270 shares issued and outstanding $ 270 Paid-In Capital in Excess of Par-Common 540 Total Paid-In Capital 810 Retained Earnings 2,600 Total Stockholders' Equity $ 3,410
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