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Ber [7]
3 years ago
14

The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April 2 Jun declares and distributes a

15% stock dividend. The stock's per share market value on April 2 is $10 (prior to the dividend)
Common stock-$5 par value, 465,800 shares authorized, 245,000 shares issued and outstanding $1,225,800
Paid-in capital in excess of par value, common stock 588,809
Retained earnings 878,800
Total stockholders' equity $2,683,000
Prepare the stockholders' equity section immediately after the stock dividend.
Business
1 answer:
Firdavs [7]3 years ago
5 0

Answer:

i am sorry i do not know

Explanation:

sorry

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Answer:

Date - December 14, 2020

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Explanation:

Dividends are initially declared before they are paid to the respective shareholders. So it is important to first record the journal at the <em>declaration date</em> of the dividend, then the <em>payment date</em> of the dividend as shown above.

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