Common stock-$20 par value, 150,000 shares authorized, 58,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders record. The stock's market value is $31 per share on February 5 before the stock dividend. ercise 13-10 (Algo) Part 2 Prepare the stockholders' equity section after the stock dividend is distributed. (Assume no other changes to equity.) TVX COMPANY Stockholders' Equity Section of the Balance Sheet February 28 mmon stock-$20 par value id-in capital in excess of par value, common stock tained earnings tal stockholders' equity $ $ $ 1,160,000 428,000 551,000 $ 2,139,000 1,136,800 551,000 1.687.800

Stock Dividends Penguin Company has the following information regarding its common stock: $24 par, with 300,000 shares authorized, 132,000 shares issued, and 130,600 shares outstanding. On August 22, Penguin declared and paid a 15% stock dividend when the market price of the common stock was $28 per share. Required: 1. Prepare the journal entries to record declaration and payment of this stock dividend. If an amount box does not require an entry, leave it blank. Aug. 22 Dividends Declared Common Stock Additional Paid-In Capital-Common Stock Feedback 548,520 ✔ Aug. 22 Dividends Declared Common Stock 470,160 Check My Work 1. Small stock dividends are capitalized using the stock's market value, while large stock dividends are capitalized at the stock's par value. 470,160 78,360 2. Prepare the journal entries to record declaration and payment assuming it was a 30% stock dividend. If an amount box does not require an entry, leave it blank.

Stockholders' Equity: Transactions and StatementThe stockholders' equity section of Night Corporation's balance sheet at January 1 follows: Common stock, $6 par value, 300,000 shares authorized, 60,000 shares   360,000 issued, 6,000 shares in treasury     Additional paid-in capital     In excess of par value 600,000   From treasury stock 37,500 637,500 Retained earnings   435,000     1,432,500 Less: Treasury stock (6,000 shares) at cost   172,500 Total Stockholders’ Equity   1,260,000   The following transactions affecting stockholders’ equity occurred during the year: Jan. 8 Issued 15,000 shares of previously unissued common stock for $26 cash per share. Mar. 12 Sold all of the treasury shares for $35 cash per share. June 30 Declared a five percent stock dividend on all outstanding shares of common stock. The market value of the stock was $31 per share. July 10 Issued the stock dividend declared on June 30. Oct. 7 Acquired 2,500 shares of common…

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Entries for Stock Dividends Paris Corporation has 20,000 shares of $80 par common stock outstanding. On June 8, Paris Corporation declared a 4% stock dividend to be issued August 12 to stockholders of record on July 13. The market price of the stock was $118 per share on June 8. Journalize the entries required on June 8, July 13, and August 12. For a compound transaction, if an amount box does not require an entry, leave it blank. If no entry is required, select "No Entry Required" and leave the amount boxes blank, Jun. 8 Jul. 13 Aug. 12

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Stockholders’ Equity: Transactions and Balance Sheet Presentation Beaker Corporation was organized on July 1, with an authorization of 50,000 shares of $5 no-par value preferred stock ($5 is the annual dividend) and 100,000 shares of $10 par value common stock. During July, the following transactions affecting stockholders’ equity occurred: July 1 Issued 31,000 shares of common stock at $21 cash per share.   12 Issued 3,500 shares of common stock in exchange for equipment with a fair market value of $71,000.   15 Issued 5,000 shares of preferred stock for cash at $40 per share.   Required a. Prepare journal entries to record the foregoing transactions. General Journal Date Description Debit Credit Jul.01                 Paid-in-Capital in Excess of Par Value - Common Stock       Issued shares of common stock.     Jul.12         Common Stock               Issued common stock for equipment.     Jul.15…

Entries for Stock Dividends Madrid Corporation has 22,000 shares of $80 par common stock outstanding. On August 2, Madrid Corporation declared a 4% stock dividend to be issued October 8 to stockholders of record on September 15. The market price of the stock was $96 per share on August 2. Journalize the entries required on August 2, September 15, and October 8. If an amount box does not require an entry, leave it blank. If no entry is required, select "No Entry Required and leave the amount boxes blank. Aug. 2 Sept. 15 Oct. 8