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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

Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
10th Edition
ISBN:9781337902571
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter4: Analysis Of Financial Statements
Section: Chapter Questions
Problem 1TCL: CONDUCTING A FINANCIAL RATIO ANALYSIS ON HP INC. Use online resources to work on this chapters...
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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: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
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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