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Entries for stock dividends Life reported no income or loss for the current year....

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Accounting

Entries for stock dividends Life reported no income or loss for the current year.
If no entry is required, select "No entry required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank.
a1. Journalize the entry to record the declaration of the dividend, capitalizing an amount equal to market value.
Stock Dividends
Stock Dividends Distributable
Paid-In Capital in Excess of Par-Common Stock
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a1. Recall that a stock dividend affects only stockholders' equity.
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
Total stockholders' equity Total paid-in capital
Total retained eamings
Total stockholders' equity
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